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  1. Dictionary
    collateral
    /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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  2. www.merriam-webster.com › dictionary › collateral damageCollateral damage Definition & Meaning - Merriam-Webster

    The meaning of COLLATERAL DAMAGE is injury inflicted on something other than an intended target; specifically : civilian casualties of a military operation.

  3. www.rocketloans.com › what-is-collateralWhat Is Collateral And How Does It Work? | Rocket Loans

    Jun 3, 2024 · Collateral is an asset (tangible or intangible) that a lender requires before they secure a loan. Lenders can use the collateral to further incentivize the borrower to uphold the loan’s terms. Or, if a borrower defaults on the loan, the lender will claim the item and sell it to help cover their losses.

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  5. www.loanadvisor.sg › article › personal-loanSecured Vs. Unsecured Loans: What’s the Difference?

    Jun 5, 2024 · Putting your home or car as collateral is a way to ensure that you pay the loan according to the agreed terms. Secured personal loans are meant for new purchases and can be used as home equity lines of credit or home equity loans. These are types of loans calculated based on the current value of your home minus the amount you still owe.

  6. www.tatacapital.com › what-is-a-collateral-loanWhat Is A Collateral Loan: Meaning, Types, & More | Tata Capital

    Jun 17, 2024 · Learn everything about collateral loans, including how they function, the benefits they offer, and how lenders assess the value of your pledged assets to determine loan amounts. checkout more. Get the Tata Capital App to apply for Loans & manage your account.

  7. www.moneymax.ph › articles › loan-terminology-glossaryLoan Terminology Glossary: List of Important Loan Terms -...

    Jun 18, 2024 · 📌 Collateral. This refers to an asset the borrower will pledge to the lender to get a loan. You can pledge a variety of assets, like a car, a house, and even business inventory, as collateral. If you fail to pay back the loan, the lender will seize the collateral. 📌 Co-Signer.

  8. www.investopedia.com › terms › mMargin and Margin Trading Explained Plus Advantages and ... -...

    Jun 8, 2024 · In finance, the margin is the collateral that an investor has to deposit with their broker or exchange to cover the credit risk the holder poses for the broker or the exchange.

  9. legalvision.com.au › collateral-contractsCollateral Contracts and How They Affect You | LegalVision

    Jun 20, 2024 · A collateral contract is a separate contract that builds on the main contract. It may appear verbally or written as a smaller agreement, but does not form one of the terms of the main agreement. You must satisfy the prerequisite elements to demonstrate a collateral contract exists.

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