{"id":578,"date":"2022-10-04T13:42:28","date_gmt":"2022-10-04T13:42:28","guid":{"rendered":"https:\/\/webfastsg.com\/offshore\/?post_type=encyclopedia&p=578"},"modified":"2022-10-04T13:42:28","modified_gmt":"2022-10-04T13:42:28","slug":"collateral","status":"publish","type":"encyclopedia","link":"https:\/\/webfastsg.com\/offshore\/encyclopedia\/collateral\/","title":{"rendered":"Collateral"},"content":{"rendered":"
Collateral refers to an asset that a borrower offers to a lender as security for a loan. The collateral serves as protection for the lender in the event that the borrower is unable to repay the loan. If the borrower defaults on the loan, the lender can seize the collateral and sell it in order to recoup the losses.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Collateral refers to an asset that a borrower offers to a lender as security for a loan. The collateral serves as protection for the lender in the event that the borrower is unable to repay the loan. If the borrower defaults on the loan, the lender can seize the collateral and sell it in order …<\/p>\n