meaning of cash collateral

cash collateral meaning in Law Dictionary

money, negotiable devices, papers of name, securities, deposit records, or other money equivalents, anytime acquired, where property and an entity apart from the estate have an interest.

cash collateral meaning in Business Dictionary

Certificates of deposit (CDs), gilt-edged securities, negotiable tools, etc., that are acknowledged easily as collateral by loan providers for their extremely high amount of convertibility into cash (exchangeability) and minimal risk.