Collateral
The personal property the security interest is over.
Collateral can be goods, vehicles, crops, livestock, intangible property like accounts and intellectual property, or everything the grantor owns. On the register it is described by a collateral class and, for some classes, a serial number or free-text description.
Related terms
- Collateral class — The category chosen on the register to describe the collateral.
- Serial-numbered property — Motor vehicles, watercraft, aircraft and some intellectual property, which can be registered and searched by serial number.
Need this registered, not just defined?
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