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In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. The collateral serves as protection for a lender against a borrower's default - that is, any borrower failing to pay the principal and interest under the terms of a loan obligation. If a borrower does default on a loan (due...
NB Global (LSE: NBLU) is a large British investment company dedicated to senior secured loans in large US and European companies. Established in April 2011, the company is a constituent of the FTSE 250 Index. The Chairman is William Frewen.
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