# Collateral

**IRI:** https://folio.openlegalstandard.org/RDT9HdGssfLC6RPAX15qHr7

## Labels

**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.

## Sub Class Of

- https://folio.openlegalstandard.org/R8Gt68Hspze0zsEdYzUS2Fq

## Parent Class Of

- https://folio.openlegalstandard.org/R9OVtNYUqPXyvuaZmEggp6w

## See Also

- https://folio.openlegalstandard.org/R1GBRcO79LXpE6nmo7BUgp
- https://folio.openlegalstandard.org/R7OGr396bNkl4sseQ1bBCA6
- https://folio.openlegalstandard.org/RCtD5sIYZEcmrBcfl11HcL3
- https://folio.openlegalstandard.org/RDU9BW2n6MsqEo5mVvf5QHK

**Deprecated:** False