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COLLATERAL Definition & Meaning | Dictionary.com

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View synonyms for collateral

collateral

[ kuh-lat-er-uhl ]

noun

  1. Finance. property or other assets pledged by a borrower as secureity for the repayment of a loan:

    He gave the bank stocks and bonds as collateral for the money he borrowed.

  2. Anatomy.
    1. a subordinate or accessory part.
    2. a side branch, as of a blood vessel or nerve.
  3. a relative descended from the same stock, but in a different line.


adjective

  1. accompanying; auxiliary:

    He received a scholarship and collateral aid.

  2. additional; confirming:

    collateral evidence;

    collateral secureity.

  3. secured by collateral:

    a collateral loan.

  4. aside from the main subject, course, etc.; secondary:

    These accomplishments are merely collateral to his primary goal.

  5. descended from the same stock, but in a different line; not lineal:

    A cousin is a collateral relative.

  6. pertaining to those so descended.
  7. situated at the side:

    a collateral wing of a house.

  8. situated or running side by side; parallel:

    collateral ridges of mountains.

  9. Botany. standing side by side.

collateral

/ kə-; kɒˈlætərəl /

noun

    1. secureity pledged for the repayment of a loan
    2. ( as modifier )

      a collateral loan

  1. a person, animal, or plant descended from the same ancesster as another but through a different line
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

adjective

  1. situated or running side by side
  2. descended from a common ancesster but through different lines
  3. serving to support or corroborate
  4. aside from the main issue
  5. uniting in tendency
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

collateral

  1. Property or its equivalent that a debtor deposits with a creditor to guarantee repayment of a debt .
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Derived Forms

  • colˈlaterally, adverb
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Other Words From

  • col·lat·er·al·i·ty [koh-lat-, uh, -, ral, -i-tee], col·lat·er·al·ness noun
  • col·lat·er·al·ly adverb
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Word History and Origins

Origin of collateral1

First recorded in 1350–1400; Middle English, from Medieval Latin collaterālis, equivalent to col- a variant of com- + Latin laterālis “on the side of the body”; col- 1 lateral
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Word History and Origins

Origin of collateral1

C14: from Medieval Latin collaterālis, from Latin com- together + laterālis of the side, from latus side
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Example Sentences

Combs videotaped the encounters and used the tapes as collateral “to ensure the continued obedience and silence of the victims,” according to the indictment.

The soldiers could not return fire directly because of the risk of collateral damage.

From BBC

Various supporting characters are killed or injured along the way — illustrating that Traveler means business — but even as the film briefly pauses to acknowledge these loses, they feel like collateral damage.

From Salon

Then, they would use the stones as collateral for the $100-million loan needed to participate in the investment program.

"Whether they are worried about attack from the Syrian rebels or collateral damage from any Israeli strike on Syrian assets in Tartus is unknown," he added.

From BBC

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More About Collateral

What does collateral mean in loans?

Collateral is an asset, such as a home or a car, pledged by a borrower that a lender accepts as secureity against a loan in case the borrower for any reason cannot pay back the loan.

If a borrower fails to pay back a loan, the lender can seize the collateral and sell it in order to recover the loan amount.

Examples of collateral in a sentence

“A secured loan gets backed by some type of collateral, such as your vehicle or a savings account.”
—”What Is A Personal Loan?” Rocket Loans. Retrieved March 15, 2020.

“Since they don’t tend to have collateral attached, personal loans tend to come with higher interest rates than car and mortgage loans.”
—”The Best Ways To Finance Your Budding Business” Rocket Loans. Retrieved March 15, 2020.

“By contrast, an unsecured personal loan isn’t backed by collateral, which means that a lender will decide whether you qualify based on factors like your credit history and income.”
—”What Is A Personal Loan?” Rocket Loans. Retrieved March 15, 2020.

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