cross-collateral

noun

Legal Definition of cross-collateral

: collateral given to secure preexisting unsecured debt in return for new loans

Learn More About cross-collateral

Dictionary Entries Near cross-collateral

cross-claimant

cross-collateral

cross-collateralize

See More Nearby Entries 

Cite this Entry

“Cross-collateral.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/cross-collateral. Accessed 22 Sep. 2021.

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