Newsletter
No. 20, April 2007
 
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Bancpost - Headquarters
Calea Vitan 6-6A,
Tronson B & C,
CP 031296,

Libertatii blvd., No. 18,
Bl. 104,
PO Box 050706
sector 3, Bucharest

Phone: 308.09.01 / 326.85.20
E-mail:
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» Dictionary
Printable version
What does collateral Cash mean?

The account deposit created by the debtor/guarantor with the bank where a credit is contracted. This deposit is opened in order to guarantee the loan and it is repaid to the solicitant only after the complete reimbursement of the credit. In case of forced execution, due to the credit un-reimbursement in due date, the bank will take the ownership of all the amounts accumulated in the bank deposit. This deposit is also known as collateral deposit, in the bank practice.