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Webster's New World Finance and Investment Dictionary » cash collateral
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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