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.

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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


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