Legal Definition and Related Resources of Collateral Security
Meaning of Collateral Security
A separate obligation attached to another contract to guarantee its performance . Jobbers credit association Inc. v U.S., (D. C.N. Y.) 164 F. Supp. 22. It is a concurrent security for another debt, whether antecedent or newly created and is subsidiary to the principal debt running parallel with and collateral to the debt. It is a security in addition to , rather than in lieu of , the personal obligation of the borrower. Watzer v Walzer, 151 N. Y.S.2d 550, 1 A. D.2d 482.
Collateral Security Alternative Definition
A separate obligation attached to another contract to guaranty its performance. The transfer of property or of other contracts to insure the performance of a principal engagement. 38 Ga. 292; 9 Iowa 331. The property or securities thus conveyed are also called collateral securities. 1 Powell, Mortg. 393; 2 Powell, Mortg. 666, note 871; 3 Powell, Mortg. 944, 1001.
Related Entries of Collateral Security in the Encyclopedia of Law Project
Browse or run a search for Collateral Security in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Collateral Security in Historical Law
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Legal Abbreviations and Acronyms
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Translate Collateral Security from English to Spanish
Translation of Collateral Security, with examples. More about free online translation into Spanish of Garantía colateral and other legal terms is available here.
- Garantía colateral
- Legal English Translation
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| Resource | Description |
|---|---|
| Collateral Security in the Dictionary | Collateral Security in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Collateral Security |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Collateral Security in the World Encyclopedia of Law |
Notice
This definition of Collateral Security is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Concept of Collateral Security in the context of Real Property
A short definition of Collateral Security: Most commonly used to mean some security in addition to the personal obligation of the borrower.
Concept of Collateral Security in the context of Real Property
A short definition of Collateral Security: Most commonly used to mean some security in addition to the personal obligation of the borrower.
Collateral Security
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