Collateral Security Law and Legal Definition
Collateral security is a security that is subordinate to and given in addition to a primary security, which guarantees the validity or convertibility of the primary security. It is a separate obligation attached to another contract, to guaranty its performance.
Legal Definition list
Related Legal Terms
- Abandoned Security Property [Agriculture]
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
- Adverse Claim on Security
- Agricultural Biosecurity
- Alternate COMSEC Custodian [National Security]
- Alternative Security Program
- American Society of Industrial Security [ASIS]
- Anti-Spoof [National Security]
