col·lat·er·al
col·lat·er·al/kəˈladərəl,kəˈlatrəl/
noun
- 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"synonyms: security, surety, guarantee, guaranty, pledge, bond, insurance, indemnity, indemnification, pawn, backing, bail, hostage, assurance, gage, earnest
- a person having the same descent in a family as another but by a different line.
adjective
- additional but subordinate; secondary."the collateral meanings of a word"
- descended from the same stock but by a different line."a collateral descendant of George Washington"
- situated side by side; parallel."collateral veins"
Related questions
What does having collateral mean?
What does collateral mean in business?
What is the synonym of collateral?
What are collateral examples?
Aug 30, 2023 · The meaning of COLLATERAL is property (such as securities) pledged by a borrower to protect the interests of the lender.
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![Collateral [Under 2 Minutes] | Your Online Finance Dictionary](/imgres?imgurl=https://i.ytimg.com/vi/TYgdLuXqQ8w/maxresdefault.jpg&imgrefurl=https://www.youtube.com/watch?v%3DTYgdLuXqQ8w&h=720&w=1280&tbnid=C1nFZKHfNOtaCM&q=define:collateral&tbnh=84&tbnw=150&usg=AI4_-kRx22epoaqqPDmas8jeM3Ruhqv0dw&vet=1&docid=6He3QFLBv5-zaM&sa=X&ved=2ahUKEwjmsIOAyMGBAxUVmVYBHf44DcUQ9QF6BAgIEAY)
Collateral is an asset that a lender accepts as security for extending a loan. If the borrower defaults, then the lender may seize the collateral.
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 ...
property or other assets pledged by a borrower as security for the repayment of a loan: He gave the bank stocks and bonds as collateral for the money he ...
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 ...
adjective. accompanying; concomitant. “collateral target damage from a bombing run” · adjective. serving to support or corroborate. “collateral evidence”.
Collateral refers to the different kinds of assets that borrowers pledge as security for a loan. The use of collateral reduces repayment risk for the lender ...
(finance) A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. · (now rare, genealogy) A ...
Nov 2, 2016 · Put simply, collateral is an item of value that a lender can seize from a borrower if he or she fails to repay a loan according to the agreed ...
Aug 16, 2023 · Collateral is a valuable asset (like a car, house or even cash) you can pledge to secure a loan. If you fail to repay your loan, ...