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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"
1. : property (such as securities) pledged by a borrower to protect the interests of the lender. 2. : a collateral relative. A collateral inherited the estate. 3. : a branch of a bodily part (such as a vein) 4. : informational materials (such as brochures and fact sheets) used in selling a product or service to a prospective customer or buyer.
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.
a subordinate or accessory part. a side branch, as of a blood vessel or nerve. collateral circulation. a relative descended from the same stock, but in a different line. adjective. accompanying; auxiliary: He received a scholarship and collateral aid. additional; confirming: collateral evidence; collateral security. secured by collateral:
Feb 23, 2024 · Collateral is an item of value pledged to secure a loan. Collateral reduces the risk for lenders. If a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup...
collateral noun [U] (SECURITY FOR DEBT ) Add to word list. 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.
1. (Banking & Finance) a. security pledged for the repayment of a loan. b. ( as modifier ): a collateral loan. 2. (Biology) a person, animal, or plant descended from the same ancestor as another but through a different line. adj.
3 days ago · 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. Synonyms: security, guarantee, deposit, assurance More Synonyms of collateral.
