Meanings (ES + gloss)
aval • fianza • prenda
A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.
"The decline in the quality of eligible collateral is a grave problem. The ECB is now buying corporate bonds that are close to junk, and the haircuts can barely deal with a one-not…
In colonial times, when land was not worth much and banks didn’t exist, most lending was based on human property. In the early 1700s, slaves were the dominant collateral in South C…
colateral
A thinner blood vessel providing an alternate route to blood flow in case the main vessel becomes occluded.
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