Premier Insurance - PINL - Stock Price and Chart
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PINL Stock Price and Chart

Premier Insurance

0.05 (0.01%)

2020-07-07
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5.50 5.55 5.50 5.55 3,000

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Collateral

Any asset that you pledge as security for a loan instrument is called collateral. Lenders often require collateral as a way to make sure they won’t lose money if your business defaults on the loan. When you pledge an asset for collateral, it becomes subject to seizure by the lender if you fail to meet the requirements of the loan documents.

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