Collateral - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/RDT9HdGssfLC6RPAX15qHr7

Label Collateral

Preferred Label N/A

Identifier N/A

Alternative Labels

Guarantee Pledge Security Interest

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.

Class Relationships

Sub Class Of

• Contingent Financial Obligations

Is Defined By

N/A

Class Hierarchy Visualization

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available