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collateral
[ kuh-lat-er-uhl ]
noun
- Finance. property or other assets pledged by a borrower as security for the repayment of a loan:
He gave the bank stocks and bonds as collateral for the money he borrowed.
- Anatomy.
- a subordinate or accessory part.
- a side branch, as of a blood vessel or nerve.
- a relative descended from the same stock, but in a different line.
adjective
- accompanying; auxiliary:
He received a scholarship and collateral aid.
- additional; confirming:
collateral evidence;
collateral security.
- secured by collateral:
a collateral loan.
- aside from the main subject, course, etc.; secondary:
These accomplishments are merely collateral to his primary goal.
- descended from the same stock, but in a different line; not lineal:
A cousin is a collateral relative.
- pertaining to those so descended.
- situated at the side:
a collateral wing of a house.
- situated or running side by side; parallel:
collateral ridges of mountains.
- Botany. standing side by side.
collateral
/ kə-; kɒˈlætərəl /
noun
- security pledged for the repayment of a loan
- ( as modifier )
a collateral loan
- a person, animal, or plant descended from the same ancestor as another but through a different line
adjective
- situated or running side by side
- descended from a common ancestor but through different lines
- serving to support or corroborate
- aside from the main issue
- uniting in tendency
Derived Forms
- DZˈٱ, adverb
Other Word Forms
- DZ·····ٲ [koh-lat-, uh, -, ral, -i-tee], DZ····Ա noun
- DZ···· adverb
Word History and Origins
Origin of collateral1
Word History and Origins
Origin of collateral1
Example Sentences
It's common in the US for small business owners starting out to use the equity in their home as collateral.
Israel insists it always follows international law in Gaza, and has also argued that the particular nature of this conflict, with Hamas fighters hidden among the civilian population, mean collateral damage can sometimes happen.
César says he feels some regret over his role in the drugs trade, particularly what he calls the "collateral victims".
Predictably, consumers and businesses are collateral damage, suddenly facing higher prices, layoffs, depressed retirement accounts and fears of recession.
They don’t care if “Pedro caught a bad flight. That was collateral damage,” they say when discussing a father who had no criminal past being transported to a foreign prison by Trump’s ICE teams.
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Related Words
More About Collateral
does collateral mean in loans?
Collateral is an asset, such as a home or a car, pledged by a borrower that a lender accepts as security against a loan in case the borrower for any reason cannot pay back the loan.
If a borrower fails to pay back a loan, the lender can seize the collateral and sell it in order to recover the loan amount.
Examples of collateral in a sentence
“A secured loan gets backed by some type of collateral, such as your vehicle or a savings account.”
—” Is A Personal Loan?” . Retrieved March 15, 2020.
“Since they don’t tend to have collateral attached, personal loans tend to come with higher interest rates than car and mortgage loans.”
—”The Best Ways To Finance Your Budding Business” . Retrieved March 15, 2020.
“By contrast, an unsecured personal loan isn’t backed by collateral, which means that a lender will decide whether you qualify based on factors like your credit history and income.”
—” Is A Personal Loan?” . Retrieved March 15, 2020.
Other terms connected with the topic of collateral
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