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Feb 12, 2023 · 'Collateral' in a sentence: Will the Iraqi Kurds be a collateral victim of the war in Ukraine?
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What does collateral mean in a loan agreement?
What is collateral & how does it work?
What does collateral mean in a sentence?
What is a collateral property?
As a noun, collateral means something provided to a lender as a guarantee of repayment. So if you take out a loan or mortgage to buy a car or house, the loan agreement usually states that the car or house is collateral that goes to the lender if the sum isn't paid.
Learn how to use "collateral" in a sentence with 147 example sentences on YourDictionary.
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.
valuable property owned by someone who wants to borrow money, which the person agrees will become the property of the lender (= person or business that lends money) if the debt is not paid back: She put up her house as collateral for the loan.
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 is money or property that is used as a guarantee that someone will repay a loan. Many people use personal assets as collateral for small business loans. He agreed to lend the company $40 million, using its substantial assets as collateral.
