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Assets, such as securities, that are pledged to a lender by a borrower. The assets secure the loan until the borrower repays it. In the event the borrower defaults, the lender has the legal right to sell the assets to pay off the loan.

Contributors: supervisor
Created by supervisor, 12-04-2011 at 05:43 pm
Last edited by supervisor, 12-04-2011 at 05:43 pm
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