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Cross-collateralization is a term used when the collateral for one loan is also used as collateral for another loan. If a person has borrowed from the same bank a home loan secured by the house, a car loan secured by the car, and so on, these assets can be used as cross-collaterals for all the loans. If the person pays off the car loan and wants to sell…
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loan bank loans used may collateral also another person home car pays individual account money often cross-collateralized royalty advances publisher
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Cross-collateralization | is a | term used when the collateral for one loan is also used as collateral for another loan | 0.90 | text |
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