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- Dictionarycollateral/kəˈlat(ə)rəl/
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 ancestor as another but through 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 Robert Burns"
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Collateral can mean valuable property used as security for a loan, or a smaller blood vessel or nerve that grows out of the main part. Learn more about the noun and adjective forms, synonyms, and usage examples of collateral.
Learn the various meanings and uses of the word collateral as a noun and an adjective. Find examples, synonyms, etymology, and related phrases of collateral.
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.
Collateral can be a noun meaning security pledged for a loan or a relative descended from a common ancestor through a different line. It can also be an adjective meaning parallel, supporting, or secondary.
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.
Definition of collateral noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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.
