All 7 Uses of
collateral
in
Atlas Shrugged
- Nobody knew where he came from and nobody knows where he's gone to now, but what they discovered, the morning after The People's Mortgage Company collapsed, was that Mark Yonts had sold the Twentieth Century Motor factory to a bunch of suckers from South Dakota, and that he'd also given it as collateral for a loan from a bank in Illinois.†
Chpt 1.10
- I have no mortgage on you, no collateral, no guns, no chains.†
Chpt 1.10
- I did not sit on piles of money and demand collateral from poor people who needed loans.†
Chpt 1.10
- The heart was my collateral.†
Chpt 1.10 *
- My whole future depended upon a miserable half-million dollars, which was just small change to him, bat when I applied for a loan, he turned me down flat-for no better reason than that I had no collateral to offer.†
Chpt 1.10
- How could I have accumulated any collateral, when nobody had ever given me a chance at anything big?†
Chpt 1.10
- She heard a sparkling voice reciting, in the tone of a dryly meticulous bookkeeper, a report about financial transfers, bank accounts, income-tax returns, as if he were reading the dusty pages of a ledger-a ledger where every entry was made by means of offering his own blood as the collateral to be drained at any moment, at any slip of his bookkeeping pen.†
Chpt 3.2
Definition:
-
(collateral as in: collateral for a loan) something of value pledged for the repayment of a loan if it is not paid as planned