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collateral

担保　—　Institutions

Property set aside to be handed over if the debt is not paid.

Assignat of 5 livres (national lands) Assignat of 5 livres (national lands)1789–96 Assignat of 400 livres Assignat of 400 livres1792 1 Livre wartime banknote 1 Livre wartime banknote1915-16
A photograph of the real thing this term names.

⚠ Collateral does not guarantee safety. If one borrows more than the value of the collateral, the collateral loses its meaning. This is precisely the reason why banknotes backed by land failed.