Phylum: Arthropoda. Class: Arachnida. Order: Araneae. Family: Theraphosidae. Genus: Brachypelma. Species: B. vagans. Domain: The Redrump Tarantula belongs to the domain Eukarya because it obtains a true nucleus, and membrane bound organelles. These same traits can be seen in many organisms we know even wasabi! Learn more about wasabi.
In simple words, collateral is an asset which borrower pledge to the lender as a security against the loan. In case borrower failed to pay back the loan amount to the lender, lender can sell the asset to recover his loan amount hence reduces the risk of lender.
The major difference. The single major difference between revenue (an income statement item) and assets (balance sheet items) is that revenue is recorded over the course of a period. For instance, Wal-Mart's fourth-quarter revenue will reflect everything it sold from Oct. 1 to Dec. 31. However, assets are measured at a point in time.