collateral contract
11collateral — /kalaetsral/ Property which is pledged as security for the satisfaction of a debt. Collateral is additional security for performance of principal obligation, or that which is by the side, and not in direct line. Shaffer v. Davidson, Wyo., 445… …
12contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …
13contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …
14collateral undertaking — See collateral contract; collateral promise to answer for the debt of another …
15collateral agreement — See collateral contract …
16collateral covenant — A covenant in a decd which does not relate to the grant. See collateral contract …
17Collateral management — Collateral has been used for hundreds of years to provide security against the possibility of payment default by the opposing party in a trade. Collateral management began in the 1980s, with Bankers Trust and Salomon Brothers taking collateral… …
18Collateral protection insurance — Collateral Protection Insurance, or CPI, insures property (primarily vehicles) held as collateral for loans made by lending institutions. CPI may be classified as single interest insurance if it protects the interest of the lender, a single party …
19Collateral Warranty — The term “collateral warranty” finds its roots in property law. In 1839 Francis Hilliard wrote: “A collateral warranty is where the heir neither does nor could derive his title to the land from the warrantor; and yet is both de barred from… …
20Collateral damage — For other uses, see Collateral damage (disambiguation). Collateral damage is damage to people or property that is unintended or incidental to the intended outcome.[1] The phrase is prevalently used as an euphemism for civilian casualties of a… …
