{"component": "definition", "props": {"groups": [{"size": 114, "samples": [{"hash": "kau2plP1hz9", "uri": "https://legislature.mi.gov/documents/mcl/archive/2023/December/mcl-Act-27-of-1950-Ex-Sess-.pdf", "label": "legislature.mi.gov", "score": 18.8089065552, "published": false}, {"hash": "7DRwtWkOksw", "uri": "https://legislature.mi.gov/documents/mcl/archive/2023/November/mcl-Act-27-of-1950-Ex-Sess-.pdf", "label": "legislature.mi.gov", "score": 18.6229019165, "published": false}, {"hash": "TubrCvFONm", "uri": "https://legislature.mi.gov/documents/mcl/archive/2023/August/mcl-Act-27-of-1950-Ex-Sess-.pdf", "label": "legislature.mi.gov", "score": 18.3242359161, "published": false}], "snippet": "means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. 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"definition": {"size": 615, "snippet": "means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.", "title": "Collateral Security", "id": "collateral-security", "examples": ["If the value of the <strong>Collateral Security</strong> of the Seller should exceed the value of its claims by more than 10 percent, the Seller is obliged to release the disproportionate <strong>Collateral Security</strong> on its sole discretion."], "related": [["collateral-security-documents", "Collateral Security Documents", "<strong>Collateral Security</strong> Documents"], ["collateral-senior-additional-interest", "Collateral Senior Additional Interest", "Collateral Senior Additional Interest"], ["asset-backed-security", "asset-backed security", "asset-backed security"], ["collateral", "Collateral", "Collateral"], ["collateral-servicing-fee", "Collateral Servicing Fee", "Collateral Servicing Fee"]], "related_snippets": [], "updated": "2026-02-28T06:15:34+00:00"}, "json": true, "cursor": ""}}