13 Example Sentences Showcasing the Meaning of 'Collateral'
In the business world, entrepreneurs often use their assets as collateral when seeking funding for their startups.
The landlord asked for a security deposit as collateral to cover any potential damages to the apartment during the lease period.
To secure the business loan, the entrepreneur had to offer some of his company's stocks as collateral to the bank.
The small business owner had to provide collateral in the form of inventory to secure a line of credit from the bank.
As part of the contract, the tenant had to provide a collateral in the form of a security deposit for potential damages to the rented property.
The university library required students to leave a personal item as collateral when borrowing rare manuscripts from the special collections.
The insurance company required policyholders to offer their vehicles as collateral to qualify for a lower premium rate.
The landlord insisted on a collateral of references from previous landlords before approving the new tenant's lease application.
The university required students to provide a collateral, such as a laptop or tablet, to participate in the semester-long technology loan program.
The restaurant owner used kitchen equipment as collateral to secure financing for a renovation, enhancing the dining experience for customers.
The online marketplace required sellers to provide a collateral, such as a verified account, to ensure trustworthiness in transactions.
The mortgage lender required the homebuyer to provide a collateral in the form of property to secure the home loan.
The online gaming platform requested users to provide a collateral, such as a verified account, to ensure fair play and discourage cheating.