| 词汇 | Cash Collateral Account |
| 释义 | `1`Cash Collateral Account `2` "Legal Lexicon": CASH COLLATERAL ACCOUNT - An account in the name of a borrower that serves as a clearing account with its bank, usually for the purpose of securing and servicing an indebtedness. With a cash collateral account, money is deposited in a lockbox account; when the funds are collected and the deposits have cleared, the debt served by the account is reduced. A cash collateral account cannot be drawn upon like a checking account and essentially is considered a zero balance account. |
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