Further Cardholder Definition

Further Cardholder Definition

What Is Additional Cardholder? An additional cardholder is an authorized secondary user added to an account by the primary cardholder. The additional cardholder generally gets to enjoy all the benefits of a debit or credit card account without any liability, which remains the responsibility of the primary cardholder. As a result, cardholders need to be

Further Collateral

Further Collateral

What Is Additional Collateral? Additional collateral refers to additional assets put up as collateral by a borrower against debt obligations. Key Takeaways When creditors require additional assets as collateral against debt obligations is called additional collateral. A lender may ask for additional collateral in order to appease investors or a credit committee. Understanding Additional Collateral