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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 sentence?
How many meanings does the word collateral have?
What does collateral mean in a loan agreement?
What is collateral in banking?
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.
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.
Learn how to use "collateral" in a sentence with 147 example sentences on YourDictionary.
What does the word collateral mean? There are 21 meanings listed in OED's entry for the word collateral, six of which are labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence. collateral has developed meanings and uses in subjects including.
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.
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.
