26984 words

collateral

5 definitions • 6 examples
1
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 debt is not paid back:

Examples:

use something as collateral She used her house as collateral for a loan.
put something up as collateral He put his farm up as collateral.
2
a smaller blood vessel or nerve that grows out of the main part
3
connected but less important, or of the same family although not directly related:

Examples:

collateral senses of a word
a collateral branch of the family
4
valuable property owned by someone who wants to borrow money, which the person agrees will become the property of the lender (= person or business that lends money) if the debt is not paid back:

Examples:

She put up her house as collateral for the loan.
5
property that someone borrowing money will give to the loan company, if he or she cannot pay the debt:

Examples:

use sth as/pledge sth as/put sth up as collateral Debt counsellors are concerned by the trend towards using houses as collateral against debt.

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