Assets pledged by the borrower or another party (as collateral against) amounts lent by the lender to the borrower. Following the occurrence of certain default events, the lender can use the secured assets towards recovering the amounts owed to it. Different from financial securities (stock, bonds, etc.).
Global Definitions Database
Security
Source: INREV | Date: 25 February 2020 | ID: D0725 | Version: 1
Related
Security Agent
The financial institution that empowered under the faciility agreement to take action on behalf of the lender to enforce