money used as a security or guarantee; collateral

security or property held against a loan; mortgaged property

property or assets used as a guarantee for a loan or debt

the right of a creditor to be repaid with priority from the sale of a mortgaged property if the debtor fails to pay

A loan where the borrower uses assets or property as collateral to guarantee repayment; the bank has the right to sell the collateral if the borrower cannot pay.

A bank loan secured by collateral; a loan where the borrower provides assets such as real estate or property as a guarantee for repayment, which the lender may sell if the debt is not paid.

a loan offered to borrowers with lower credit ratings who would not qualify for conventional mortgages