Collateral Documents | Practical Law
Collateral Documents
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Collateral Documents
Practical Law Glossary Item 8-382-3345
(Approx. 2 pages)
Glossary
Collateral Documents
Also known as security documents. The
loan documents
in a secured loan transaction which secure the borrower's obligations to the lender under the loan agreement. Collateral documents include any documents granting a
security interest
in
collateral
by the borrower,
parent
or
subsidiary
in favor of the lender and all other documents required to be executed or delivered pursuant to those documents. Collateral documents do not include
guaranties
. Examples of collateral documents are a
security agreement
, guarantee and collateral agreement, pledge agreement,
deposit account control agreement
,
securities account control agreement
,
mortgage
, and
UCC-1s
.