If the investors choose a partnership, we assume the potentially outstanding amount to be covered by sufficient collateral from private wealth.
Lenders have become increasingly reluctant in recent months to accept mortgage-backed securities as collateral in private trades because of declining values.
(You can watch my position evolve, if you care to, through this chronological series of blogposts: "Choosing a journal", "Free work", "Collateral damage", "Private-sector", "RCUK submission", "Irritation", "Versus everybody" and "Making public").
In its court papers on Monday, Citigroup warned that anything other than a "no admit, no deny" settlement posed serious risks to the bank's shareholders, including additional private litigation, reputational harm and collateral regulatory consequences.
For example, private landlords use apartments as collateral to borrow from tenants in lieu of rent.Management of the Iranian economy had been poor since the revolution, but under Mr Rohani's predecessor, Mr Ahmadinejad, it got even worse.
But what is perhaps surprising is that Google is not generally perceived to be in the human misery business — yet there's no doubt its algorithms can and do cause collateral damage to private individuals' lives (witness the hundreds of thousands of search de-listing requests it has fielded in Europe over the past few months).
I won't give up my right to exercise this freedom, not one single inch," he was indicating that might makes right, and government has no business refereeing private violence, no matter what the collateral damage.
I was trying for a private resolution that would not have any collateral damage to the reputation of the Australian team, Australia Cricket or myself.
And Athens will have borrowed a further 71.4 billion euros to buy back debt and finance the collateral it has promised to private creditors under the debt swap.
Though the central bank already accepts asset-backed securities as collateral, the "outright purchase of private debt is an unprecedented measure for a central bank," the Bank of Japan said in a statement.
