Kolaterala
Kolaterala refers to collateral—the assets pledged to secure the performance of an obligation, such as a loan or a contract. In practice, kolaterala gives the creditor a security interest in the pledged assets, providing a remedy if the debtor defaults. The exact meaning, rules, and procedures of kolaterala vary by jurisdiction and by the terms of the contract.
Forms of kolaterala can be tangible or intangible. Real estate, vehicles, and other physical property are common
Creation and perfection are central to kolaterala. A security agreement is typically required, and the creditor
Valuation and enforcement pose practical challenges. Collateral value can fluctuate, liquidity may be limited, and enforcement
See also: collateral, security interest, mortgage, pledge, secured loan.