Collateral

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1. The items of property of a debtor assigned, granted, hypothecated, mortgaged or transferred as 'security' by the debtor to a mortgagee or secured party to support repayment of a secured obligation. The mortgagee or secured party will have a priority claim superior to the claims of other creditors in the collateral to repay the secured obligation.
2. View definitions of Collateral here.

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