CAPITAL AND MORE GROUP INC.
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"Flexible Commercial Finance"
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Glossary "C"
Please click on an alphabetical link to go to the words in the glossary that start with that letter.
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Collateral:
Something of value (land, a home, a car, etc.) that is pledged as security to ensure the payment of a debt. Collateral is promised to a lender until a loan is repaid. If the borrower defaults, the lender has the right, by law, to seize the collateral.
Corporation:
A legal entity, chartered by a U.S. state or the federal government, and separate and distinct from the persons who own it. It is regarded by the courts as an artificial person; it may own property, incur debts, sue or be sued.
Creditor:
One who is owed payments on a debt by a debtor.
Copyright© 2003-2007 Capital And More Group Inc. All Rights Reserved
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