MLchartDataset catalogue

Collateral

Term · Insurance and risk management · MLC-T-INS-000812

Assets pledged by a borrower to a lender to secure a loan or other obligation. In insurance, collateral may be required from an insured or reinsured to guarantee payment of deductibles, self-insured retentions, or reinsurance recoverables. Common forms include letters of credit, cash, or marketable securities, providing financial assurance to the obligee.

Table 1. Record
IdentifierMLC-T-INS-000812
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000812",
  "term": "Collateral",
  "field": "Insurance and risk management",
  "definition": "Assets pledged by a borrower to a lender to secure a loan or other obligation. In insurance, collateral may be required from an insured or reinsured to guarantee payment of deductibles, self-insured retentions, or reinsurance recoverables. Common forms include letters of credit, cash, or marketable securities, providing financial assurance to the obligee.",
  "url": "https://mlchart.com/terminology/insurance/collateral/"
}

Record 611 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.