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. "Red Lining It" is a way of saying that you are driving really fast, reffering to the red line on a car's RPM gauge. My ..
1. a person who is hip, fresh, and always with the best piece of ass on the block. that guy must be a quigley........... See quigley, coo..
1. Other words to that effect - Boring, Lame, Unexciting. Lingo used in the International Baccalaureatemarking criteria - because people a..