An extra guarantee provided for a bank or other institution or individual which will be forfeited if the borrower is not able to pay back the loan.
We would like less than two percent of our lease portfolio to have transactions with additional collateral.
Despite the additional collateral the company continued to lose market share to its competitors.
They would like additional collateral before signing the loan agreement.
I had already agreed to the terms before they offered the additional collateral.
We would like you to provide additional collateral in order for your loan to be approved.
I had already provided collateral on the loan before the bank asked for additional collateral.