This collateral agreement template is what you need to secure an item of value as collateral for monetary debt. This page contains Collateral clauses in business contracts and legal agreements.We have organized these clauses into groups of similarly worded clauses. The consideration involved in a collateral contract is essentially a guarantee that both parties will enter and uphold the original contract. The document is a collateral agreement granting a lender a security interest in the signatory's assets (referred to as "Collateral") held in various accounts. A guarantee and collateral agreement is a contract between a lender and a borrower where the borrower guarantees payment or surrenders collateral.