{"iri":"https://folio.openlegalstandard.org/RDT9HdGssfLC6RPAX15qHr7","label":"Collateral","sub_class_of":["https://folio.openlegalstandard.org/R8Gt68Hspze0zsEdYzUS2Fq"],"parent_class_of":["https://folio.openlegalstandard.org/R9OVtNYUqPXyvuaZmEggp6w"],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R1GBRcO79LXpE6nmo7BUgp","https://folio.openlegalstandard.org/R7OGr396bNkl4sseQ1bBCA6","https://folio.openlegalstandard.org/RCtD5sIYZEcmrBcfl11HcL3","https://folio.openlegalstandard.org/RDU9BW2n6MsqEo5mVvf5QHK"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":["Guarantee","Pledge","Security Interest"],"translations":{},"hidden_label":null,"definition":"Collateral is an asset or property pledged by a borrower to a lender as security for a loan or other obligation, to mitigate the risk of default. If the borrower fails to meet the obligations, the lender has the right to seize the collateral.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}