FROZEN COLLATERAL
\fɹˈə͡ʊzən kəlˈatəɹə͡l], \fɹˈəʊzən kəlˈatəɹəl], \f_ɹ_ˈəʊ_z_ə_n k_ə_l_ˈa_t_ə_ɹ_əl]\
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Collateral rendered unusable by legal ruling. Often occurs when a question of who owns the collateral arises. Situation causing the ruling needs to be resolved, or a change in the situation causes the ruling to be reversed before the collateral becomes useful again.
By Henry Campbell Black
Word of the day
Health Personnel Attitudes
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