Cross-Collateralization
Type: noun
Pronunciation: /kraws-kuh-lat-er-uh-luh-zay-shun/
Also spelled or known as: Cross-Recoupment
Related: Recoupment
What does Cross-Collateralization mean? Using income from one project to recover costs from another.
In music contracts, cross-collateralization may let labels or publishers recoup losses from one release using earnings from another.
Cross-Collateralization synonyms: Cross-Recoupment, Offset Earnings, Cross-Collateralisation
Example sentence: “The attorney warned the artist about cross-collateralization.”
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