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词汇 use-as-collateral
释义 use something as collateral
collocation
(alsoput sth up as collateral)
to offer a valuable property in order to borrow money, that you agree will become the property of the company or person who lends the money if the debt is not paid back:
He is trying to use the business as collateral to secure a bank loan.
She put up the money for the bond, using her home as collateral.
He put his home up as collateral for a £400,000 loan.
See
useverb
putsomething up
collateralnoun
She used her house as collateral for a loan.
The company used the fictitious revenue as collateral for bank credits.
Thieves sometimes try to use stolen artworks as collateral for other underworld deals.
The company has £6 billion in assets that could be used as collateral for loans if necessary.
Poor people don't usually have assets to put up as collateral for loans.
His friends put up their houses as collateral for a $1 million bond.
He put his farm up as collateral.
SMART Vocabulary: related words and phrases

Borrowing & lending
amortizable
amortization
amortize
bond measure
bond referendum
bonded
bridging loan
credit limit
debt
get behind
hole
loan
microcredit
microloan
non-current
non-interest
non-prime
outstanding
usury
write something off
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