Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

Collateral is an asset you can pledge to secure a loan, such as real estate, a vehicle or a savings account. If you default on payments, the lender can seize whatever you've put up as collateral. Some ...