Debt, credit & capital structure · Core

Collateral

Also called: security

ELI5

Assets pledged or available to secure an obligation.

Used in conversation

“Do not describe collateral as agreed until the operative document says so.”

Pitch context

You will see “Collateral” in financial models, budgets, board packs and investor materials when the discussion reaches debt, credit & capital structure.

Why it matters: In debt, credit & capital structure, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

Sources & evidence · 5

Direct term-level sources and supporting source families.