Sentence examples for served as collateral from inspiring English sources

Because Lord Black's shares served as collateral for the bonds, he could have lost control of the newspaper company.

The oil in the tanks served as collateral for loans to Allied Crude that were guaranteed by the American Express unit.

Credit Suisse, which managed the portfolio of mortgage bonds that served as collateral for the deal, agreed to pay $2.5 million, half of it in penalties, to settle the case.

These values were, most of the time, well in excess of the hard assets, like buildings and deep-fat fryers, that could have served as collateral for old-fashioned bank loans.

When borrowing to buy stocks, the shares serve as collateral.

Many different things can serve as collateral for a loan.

The bank would charge 3percentt annual interest and the preferred shares would serve as collateral.

The bookies move in; television sets, Toomer relates, are trundled along the streets to serve as collateral.

Others with steadier cash flow serve as collateral on Enron's loans, raising questions about how easily they can be used to satisfy the company's debts.

The depository receipts could be sold relatively easily, but 26 million of them currently serve as collateral for some convertible bonds that MediaOne has issued.

Because Lord Black's supervoting shares serve as collateral for the bonds, Lord Black could thus effectively lose control of the newspaper company.