Cross-collateralization
When Collateral for one Loan is also serving as Collateral for other loans. For example, in the Real estate Market, Cross-collateralization can occur when a person already owns a House, and wants to Buy another one.
When Collateral for one Loan is also serving as Collateral for other loans. For example, in the Real estate Market, Cross-collateralization can occur when a person already owns a House, and wants to Buy another one.