cash collateral

cash collateral definition - finance
Items such as cash, negotiable instruments, titles, securities, deposit accounts, or other cash equivalents in which the debtorÂ’s estate and an entity other than the estate have an interest. Cash collateral may not be used, sold, or leased in the ordinary course of business unless the creditor with an interest in the collateral consents or the court, after notice and a hearing, authorizes the transaction.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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