👉 Bicollateral refers to a situation where two or more parties are involved in an agreement and both have been given the same amount of credit. This means that one party is allowed to borrow money from another party without any restrictions, even if they do not receive the full amount of their loan. The term can also refer to situations where two or more parties have agreed to share a portion of a sum of money equally, but this does not mean that each party receives an equal share of the total