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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 from the Cambridge Dictionary.
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 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.
Collateral is money or property that is used as a guarantee that someone will repay a loan. It can also mean a relative descended from the same ancestor but through a different line, or something that accompanies or supports something else.
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 are things that you agree to give someone if you are not able to pay back money you have borrowed from them. Learn more about the meaning, usage and translations of collateral in different languages.
