In order to guarantee a debt, a financial institution may take an item from the borrower as collateral to encourage debt repayment. The item is returned only about completion of payment owing.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser