The item itself acts as the security or collateral for the loan.

VOA: special.2011.04.18

Now you did have to put up some security, some collateral, against that loan.

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But if the money were to come from the EFSF, well in those circumstances Finland has said it would fear that the money would be too much at risk of loss - so it is demanding collateral or security for its share of any such loan.

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