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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. noun [ C ] uk / kəˈlæt. ə r. ə l / us / kəˈlæt̬.ɚ. ə l / collateral noun [C] (BLOOD VESSEL) medical specialized. a smaller blood vessel or nerve that grows out of the main part. SMART Vocabulary: related words and phrases.
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.
Collateral is money or property which is used as a guarantee that someone will repay a loan.
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...
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.
adj. 1. Situated or running side by side; parallel. 2. Coinciding in tendency or effect; concomitant or accompanying. 3. Serving to support or corroborate: collateral evidence. 4. Of a secondary nature; subordinate: collateral target damage from a bombing run. 5.
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.
COLLATERAL definition: things that you agree to give someone if you are not able to pay back money you have borrowed from…. Learn more.
Jun 14, 2024 · ( genealogy) Of an indirect ancestral relationship, as opposed to lineal descendency. a collateral descendant. Uncles, aunts, cousins, nephews and nieces are collateral relatives.
Accompanying or existing in a subordinate, corroborative, or indirect relationship. Webster's New World. Similar definitions. Serving to support or corroborate. Collateral evidence. American Heritage. Of a secondary nature; subordinate. Collateral target damage from a bombing run. American Heritage. More Adjective Definitions (7) Synonyms:
