What is CASH COLLATERAL ACCOUNT?

An account in the name of a borrower that serves as a clearing account with its bank, usually for the purpose of securing and servicing an indebtedness.

More On This Topic
  1. What Does Pod Mean On A Bank Account?
  2. 401(K) Types, Loans, Contribution Limits, & Benefits
  3. How Do I Withdraw Money from My Bank Account in Another Country?
  4. How Do I Remove Someone’s Name Off of a Joint Bank Account?
  5. Hard Money Loan vs. All Cash Offer
  6. How Do I Cash a Check Without a Bank Account?
  7. How to Close a Failed Bank Resolution
  8. Can I Get a Hard Money Loan Without Real Estate?
  9. What To Expect With An IRA: Traditional, Roth, SEP, & SIMPLE
  10. Flexible Spending Account (FSA): Limits, Expenses & FAQ

Related Legal Terms
CASH COLLATERAL, CASH-ACCOUNT, PETTY CASH ACCOUNT, CASH SHORT AND OVER ACCOUNT, CASH ACCOUNT, CLEARING ACCOUNT, COLLATERAL SECURITY, CASH BOOK, NOSTRO ACCOUNT, FROZEN ACCOUNT


Link to This Definition
Did you find this definition of CASH COLLATERAL ACCOUNT helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary