Definition of Collateral note

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TeachMeFinance.com - explain Collateral note




historic definition...

Collateral note -- A promissory note the payment of which is secured by pledge of collateral, which in the case of a Wall Street loan consists of securities (stocks and bonds ).



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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