Phylum: Arthropoda. Class: Arachnida. Order: Araneae. Family: Theraphosidae. Genus: Brachypelma. Species: B. vagans. Domain: The Redrump Tarantula belongs to the domain Eukarya because it obtains a true nucleus, and membrane bound organelles. These same traits can be seen in many organisms we know even wasabi! Learn more about wasabi.
In simple words, collateral is an asset which borrower pledge to the lender as a security against the loan. In case borrower failed to pay back the loan amount to the lender, lender can sell the asset to recover his loan amount hence reduces the risk of lender.
Assets vs. Liabilities. Accounting standards define an asset as something your company owns that can provide future economic benefits. Cash, inventory, accounts receivable, land, buildings, equipment -- these are all assets. Liabilities are your company's obligations -- either money that must be paid or services that must be performed. A successful company has more assets than liabilities, meaning it has the resources to fulfill its obligations. On the other hand, a company whose liabilities exceed its assets is probably in trouble.