What is Decollateralize?
1.
To remove an object from risk of repossession in the event of a loan default, by assigning another object as collateral to the loan amount in its place.
Sissy, I own my car free and clear, now that you have decollateralized it by making Dad's car collateral for your loan instead.
Random Words:
1.
An acronym for the worthless offspring of my boss.
Damn. My boss's kid is such a W.O.O.M.B. He would be unemployable anywhere els..
