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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.
COLLATERAL definition: things that you agree to give someone if you are not able to pay back money you have borrowed from…. Learn more.
noun. /kəˈlætərəl/ [uncountable] (finance) property or something valuable that you promise to give to somebody if you cannot pay back money that you borrow. We had put our house up as collateral for our bank loan. Topics Money c2. Word Origin. Definitions on the go.
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.
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.
