Collateral | Real Estate Glossary

Definition of "Collateral"

Sandra Lockhart &
Lisa Hernandez

Opes Real Estate Group

Property that must be pledged for a loan. If the borrower defaults, the lender can typically seize the security such as a house.

Also known as. ...

To place insurance in force on an individual, individuals, or an organization. ...

Placing limitations on property development by controlling the number of structures in a given area ...

Insurance company that does not utilize the rates and policies of a rating bureau. ...

Measure used in the retrospective rating method for workers compensation insurance. A factor is appl ...

Payments made to enhance the appearance and conditions of real estate property. In so doing, the mar ...

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

An acre is an area of land equal to 43,560 square feet. For visuality purposes, an acre is most oft ...

A subdivision is a piece of land divided into several plots in which homes are built. ...

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