2. on the side;
3. in commercial transactions, the property offered as security (usually as an inducement to another party to lend-money/extend-credit).
- Froogled By:
- Elias Makere, FSA, MAAA
- Last Froogled:
COLLATERAL
2. on the side;
3. in commercial transactions, the property offered as security (usually as an inducement to another party to lend-money/extend-credit).
Feel free to use it throughout your financial/insurance life.
Sincerely,
www.FroogleMe.com
