POOLED PORTFOLIO COLLATERAL
\pˈuːld pɔːtfˈə͡ʊlɪˌə͡ʊ kəlˈatəɹə͡l], \pˈuːld pɔːtfˈəʊlɪˌəʊ kəlˈatəɹəl], \p_ˈuː_l_d p_ɔː_t_f_ˈəʊ_l_ɪ__ˌəʊ k_ə_l_ˈa_t_ə_ɹ_əl]\
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When collateral is held in a pool and is used as needed. Refer to cross collateral agreement and transaction specific collateral.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.