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.
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The lead-in to many a tired old joke on Slashdot, where the punchline is a reverse of what is normal. Sometimes produces screamingly fu..
