cash collateral account
Definition
Bank account that serves to secure and service a loan. While cash and check deposits are made into this account, it is considered essentially a zero-balance account and no sums may be withdrawn.
Popular 'Accounting & Auditing' Terms
cash collateral account in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/cash-collateral-account.html







