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- valuable property owned by someone who wants to borrow money, that they agree will become the property of the company or person who lends the money if the debt is not paid back: use something as collateral She used her house as collateral for a loan. put something up as collateral He put his farm up as collateral.
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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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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.
noun. An item of value that is promised as security for a loan and can be taken if the borrower fails to repay the loan. Synonyms: security. surety. guarantee. guaranty. pledge. bond. insurance. indemnity. indemnification. pawn. backing. A family member who shares the same ancestry as another, but through a different lineage. adjective.
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.
Collateral is money or property that is used as a guarantee that someone will repay a loan.