GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Cash Collateral


Synonyms:assets, bankroll, funds, hard cash, money, substance
Filed Under: financial-banking, legal-contracts
Tags: banking, contract, legal
 

Definition of cash collateral

cash collateral
1. Cash or cash equivalents, such as securities or documents of title, as specified in the Bankruptcy Code in which both the estate and another party have a vested interest.

Related Terms and Acronyms:

  • bankruptcy (BK)   A court action under the Federal Bankruptcy Code by which a debtor's debts may be discharged, usually by transferring assets to a trustee, or rescheduled.
  • collection   The efforts used to bring an overdue mortgage, or other debt current, and the filing of necessary notices to proceed with foreclosure when necessary.
  • liquidation   To convert into cash.
  • liquidity   The ability to convert assets to cash quickly, without significant losses.
  • quick assets (QA)   Assets that can be liquefied quickly without a loss.
  • quick liquidity ratio   A metric used to find if a company has enough liquidity to make it's short term financial obligations.

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