Glossary
Opinions
Articles
Beginners Course
Lecture Modules - PDS
Exams
New Highs
Winning Shares
Lecture Modules - Resellers
About - Background Approach
Privacy Policy
Daily Quiz
Software Download Steps
Logout
Dashboard
Log out
An asset of some type which is given to a lender as security for the money lent. Any asset of value can act as collateral. With property, the land itself and the improvements are security of the mortgage bond. This gives the bank security if the buyer defaults on his obligations because they can foreclose on the property and sell it to defray what they lent and any outstanding interest and costs.