Zálogként

Zálogként, often translated as "as collateral" or "as security," is a legal term used in various jurisdictions to describe an asset or property that is pledged by a borrower to a lender as a guarantee for the repayment of a loan. The purpose of providing collateral is to reduce the lender's risk, as the lender can seize the collateral if the borrower defaults on the loan.

The specific requirements and procedures for using an asset as collateral can vary significantly between different legal systems. In some jurisdictions, the collateral must be of a certain value or type, while in others, it can be almost any asset. The collateral is typically appraised to determine its value, which is then used to calculate the loan amount.

If the borrower fails to repay the loan, the lender can seize the collateral and sell it to recover the outstanding debt. The process of seizing and selling the collateral is known as foreclosure. The specifics of this process also vary by jurisdiction.

Zálogként is commonly used in civil law systems, such as those in continental Europe, but similar concepts exist in common law systems as well. In some cases, the collateral may be released if the borrower successfully repays the loan, while in others, the collateral may remain with the lender even after the loan is repaid.

The use of collateral can be a contentious issue, as it can lead to disputes between lenders and borrowers over the value of the collateral and the fairness of the foreclosure process. As a result, many jurisdictions have established regulations and procedures to govern the use of collateral and to protect the rights of both lenders and borrowers.