Cross-Collateralise
Type: verb
Pronunciation: /kraws-kuh-lat-er-uh-lize/
Also spelled or known as: Cross-Collateralize
Plural: Cross-Collateralises, Cross-Collateralised, Cross-Collateralising
Related: Recoupment
What does Cross-Collateralise mean? To use income from one project to recover costs from another project.
In music deals, cross-collateralisation may allow a label or publisher to recoup losses from one album, song, or revenue stream using income from another.
Cross-Collateralise synonyms: Cross-Collateralize, Offset Earnings, Cross-Recoup
Example sentence: “The lawyer warned that the contract allowed the label to cross-collateralise album advances.”
PRE-ORDER RECORDING BUSINESS DICTIONARY