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 release to recover costs from another release.
In music contracts, cross-collateralization contract clause allows a label, distributor, or publisher to recoup losses from one release using earnings from another release.
Cross-Collateralization synonyms: Cross-Recoupment, Offset Earnings, Cross-Collateralisation
Example sentence: “The attorney warned the artist about cross-collateralization.”
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