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Definitions from the Web

Collateral

Definition:

Collateral is something of value that is pledged as security for a loan or to guarantee the performance of an obligation.

Senses:

1. Noun: (Finance) something given as security to support an agreement or a debt.
2. Adjective: (Law) relating to or being collateral.

Usages:

Noun:

1. The company had to provide collateral in the form of real estate before securing the loan.
2. He used his car as collateral to obtain a small business loan.
3. The bank has the right to seize the collateral if the borrower defaults on the loan.

Adjective:

1. The defendant used his collateral assets to cover his legal expenses.
2. The collateral damage caused by the strike was extensive.

Related Products:

• Collateral in Finance Books on Amazon
• Collateral in Law Books on Amazon