Decollateralize

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.


8

Random Words:

1. The flakiest part of a group of people. from Schlock Mercenary on April 14, 2006: Elf: I don't think there's much you can do..
1. a curved weiner, made from excessive masterbation is it a meggadobber or a betting pencil? See meggadobber, dick, dobber 2. A type o..
1. When one observes a strikingly awesome pair of boobies and then stores the visual image in their mind. BPEGS tend to fade over time so ..