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- Dictionarycol·lat·er·al/kəˈladərəl/
noun
- 1. something pledged as security for repayment of a loan, to be forfeited in the event of a default: "she put her house up as collateral for the bank loan"
- 2. a person having the same descent in a family as another but by a different line.
adjective
- 1. additional but subordinate; secondary: "the collateral meanings of a word"
- 2. descended from the same stock but by a different line: "a collateral descendant of George Washington"
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Learn the various meanings and uses of the word collateral as a noun and an adjective. Find examples, synonyms, etymology, and related phrases of collateral.
Collateral can mean valuable property used as security for a loan, or a smaller blood vessel or nerve that grows out of the main part. Learn more about the noun and adjective forms, synonyms, and usage examples of collateral.
Feb 23, 2024 · Collateral is a valuable asset that a borrower pledges as security for a loan. Learn about different types of collateral, such as mortgages, car loans, and margin trading, and how they work.
Collateral is money or property which is used as a guarantee that someone will repay a loan. [formal] Many people use personal assets as collateral for small business loans. Most people here cannot borrow from banks because they lack collateral. Synonyms: security, guarantee, deposit, assurance More Synonyms of collateral.
Collateral definition: property or other assets pledged by a borrower as security for the repayment of a loan. See examples of COLLATERAL used in a sentence.
It's what you promise to give someone if you don't repay a loan, like the car you put up as collateral when you take a loan out from the bank. As an adjective, collateral can refer to something indirect or off to the side, like collateral damage.
Collateral can be a noun meaning security pledged for a loan or a relative descended from a common ancestor through a different line. It can also be an adjective meaning parallel, supporting, or secondary.
