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- property or something valuable that you promise to give to someone if you cannot pay back money that you borrow We had put our house up as collateral for our bank loan.
Feb 12, 2023 · 'Collateral' in a sentence: Will the Iraqi Kurds be a collateral victim of the war in Ukraine?
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How many meanings does the word collateral have?
What does collateral mean in a loan agreement?
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What does it mean if a person is a collateral relative?
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.
Collateral is money or property which is used as a guarantee that someone will repay a 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.
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.
Parallel in time, rank, importance, etc.; corresponding. Webster's New World. Accompanying or existing in a subordinate, corroborative, or indirect relationship. Webster's New World. Similar definitions. Serving to support or corroborate. Collateral evidence. American Heritage.
