When collateral for one loan is also serving as collateral for other loans. For example, in the real estate market, cross-collateralization can occur when a person already owns a house, and wants to buy another one.
Related information about cross-collateralization:
- Cross-collateralization - Wikipedia, the free encyclopedia
Cross-collateralization is a term used when the collateral for one loan is also used as collateral for another loan. If a person has borrowed from the same bank a ...
- Cross Collateralization Definition | Investopedia
The act of using an asset that is currently being used as collateral for a loan is also used as collateral for a second loan. If the debtor was unable make either ...
- What is Cross-Collateralization?
Brief and Straightforward Guide: What is Cross-Collateralization?
- Cross-Collateralization
Cross-Collateralization by Daniel Steven. Q. What is cross-collateralization, and is there a cure? A. Cross-collateralization is an accounting concept (stay with ...
- What is cross-collateralization? definition and meaning
Definition of cross-collateralization: When collateral for one loan is also serving as collateral for other loans. For example, in the real estate market, ...
- Bankruptcy Process – Dealing With Credit Unions and Cross ...
Specifically, the cross collateralization agreements that most credit unions include in ... The cross collateralization agreement essentially states that all of your ...
- PLC - Cross-collateralization Clause (Dragnet Clause)
A standard form of cross-collateralization clause found in a loan agreement or security agreement in some consumer and corporate loan transactions.
- Bankruptcy & Cross-Collateralization | Home Guides | SF Gate
Cross-collateralization is a feature of many consumer loans, and means that the loan in question is secured by other property that is also being used as ...