1. Something deposited or given as assurance of the fulfillment of an obligation. For example, property is often used as collateral for a loan.
2. A document which indicates ownership such as a stock certificate or bond.
1. Something deposited or given as assurance of the fulfillment of an obligation. For example, property is often used as collateral for a loan.
2. A document which indicates ownership such as a stock certificate or bond.