UPFRONT COLLATERAL
\ˈʌpfɹʌnt kəlˈatəɹə͡l], \ˈʌpfɹʌnt kəlˈatəɹəl], \ˈʌ_p_f_ɹ_ʌ_n_t k_ə_l_ˈa_t_ə_ɹ_əl]\
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When an institution takes collateral from the borrower right away to cover losses. Refer to periodic collateral.
By Henry Campbell Black
