Meaning of collateral contact
Webcollateral noun [ U ] us / kəˈlæt̬·ər·əl / valuable property owned by someone who wants to borrow money, which the person agrees will become the property of the lender (= person … WebMar 27, 2024 · collateral in American English (kəˈlætərəl) noun 1. security pledged for the payment of a loan He gave the bank some stocks and bonds as collateral for the money he borrowed 2. Anatomy a. a subordinate or accessory part b. a side branch, as of a blood vessel or nerve c. See collateral circulation 3.
Meaning of collateral contact
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WebCollateral, eventually, came to mean "belonging to the same ancestral stock but not in a direct line of descent"—for example, cousins can be considered collateral family members.It is probably from this meaning that the term collateral adjective came to be. The term was prominently used by the reference book publisher Funk & Wagnalls in the 20th century, … WebCollateral is an item of value, such as property or assets, that is pledged by an individual (borrower) in order to guaranty a loan. Upon default, the collateral becomes subject to …
WebCollateral Contacts means telephone or face -to-face contact with an individual other than the identified client, to plan appropriate treatment, to assist others so they can respond … WebMar 26, 2024 · A collateral loan is one that is secured by personal property, cash, investments or real estate that has value sufficient to cover the outstanding debt. Not all loans are secured, but there are...
WebSep 25, 2024 · Collateral is an item of value pledged to secure a loan. Collateral reduces the risk for lenders. If a borrower defaults on the loan, the lender can seize the collateral and … WebJun 1, 2024 · What is the legal definition of collateral contact? Our parenting plan specifies that myself and 1 other person be included as collateral contacts for my ex's DV and Drug/Alcohol evaluations. The person that did the DV evaluation refused to call the second person saying reading declarations from previous court filings is sufficient.
WebSynonyms for COLLATERAL: deposit, goods, holdings, stuff, property, pawn, effects, assurance; Antonyms of COLLATERAL: less, fewer, unrelated, unconnected, unassociated
WebA collateral contract is usually a single term contract, made in consideration of the party for whose benefit the contract operates agreeing to enter into the principal or main contract, … cracked chicken recipe instant potWebnoun. Finance. property or other assets pledged by a borrower as security for the repayment of a loan: He gave the bank stocks and bonds as collateral for the money he borrowed. … cracked children\u0027s booksWebcollateral / ( kɒˈlætərəl, kə-) / noun security pledged for the repayment of a loan (as modifier) a collateral loan a person, animal, or plant descended from the same ancestor as another but through a different line adjective situated or running side by side descended from a common ancestor but through different lines cracked chicken recipe ovenWebBritannica Dictionary definition of COLLATERAL. [noncount] : something that you promise to give someone if you cannot pay back a loan. She put up her house as collateral for the … dive bars in wicker parkWebSep 26, 2024 · A collateral contact is a source of information knowledgeable about a household's situation. The collateral contact typically either corroborates or supports … cracked chicken recipe with cream cheeseWebDec 14, 2024 · Collateral contract A contract, for which the consideration is the entering into of another contract. A person's promise or representation might not form a term of a main contract, but it can still be treated by the courts as a binding collateral contract where: The person making the promise or representation intended it to be legally binding. cracked chicken recipe slow cookerWebcollateral: [ kŏ-lat´er-al ] 1. secondary or accessory; not direct or immediate. 2. a small side branch, as of a blood vessel or nerve. dive bars in worcester ma