What does cash collateral account mean?

cash collateral account meaning in Law Dictionary

n account in title of a borrower that functions as a clearing account having its bank, frequently for the purpose of securing and servicing an indebtedness.

cash collateral account meaning in Business Dictionary

banking account that acts to secure and service that loan. While cash and look build up are designed into this account, its considered essentially a zero-balance account and no sums might be withdrawn.