Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
UNILATERAL COLLATERAL Definition & Legal Meaning
Definition & Citations:
When only one party needs to offer collateral. The party with the lower credit must do this. Refer to bilateral collateral.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.