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 is the watch you put on the table in a poker game, or the shoes you trade in at the bowling alley. If you pay back your debts, you get your goods back.
https://www.vocabulary.com/dictionary/collateral
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default. also called security. “ We assessed if there would be any collateral damage as a result of our actions the other day at the meeting.
http://www.investorwords.com/929/collateral.html
What is 'Collateral'. Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. If the borrower stops making the promised loan payments, the lender can seize the collateral to recoup its losses. Since collateral offers some security to the lender should the borrower fail to pay back the loan, loans that are secured by collateral typically have lower interest rates than unsecured loans.
http://www.investopedia.com/terms/c/collateral.asp
Learner's definition of COLLATERAL. [noncount] : something that you promise to give someone if you cannot pay back a loan. She put up her house as collateral for the loan. [=she agreed that she would give up her house if she did not repay the loan]
http://www.learnersdictionary.com/definition/collateral
security pledged for the payment of a loan: He gave the bank some stocks and bonds as collateral for the money he borrowed. 2. Anatomy. a subordinate or accessory part. a side branch, as of a blood vessel or nerve. collateral circulation.
http://www.dictionary.com/browse/collateral
Collateral refers to assets that you are willing to put up to secure credit, such as a small business loan. Loans that use tangible assets as collateral are called secured loans (as opposed to unsecured loans). The advantage of secured loans is that they often have lower interest rates than unsecured loans.
https://www.thebalance.com/collateral-2948115
Medical Definition of Collateral. Collateral: In anatomy, a collateral is a subordinate or accessory part. A collateral is also a side branch, as of a blood vessel or nerve. After a coronary artery occlusion, collaterals (that is, collateral vessels) often develop to shunt blood around the blockage. The word collateral comes from the Latin col-, with + latus, side = with the side, situated at the side.
http://www.medicinenet.com/script/main/art.asp?articlekey=8867
“ In order for John to receive the loan he has requested he must ensure has something of value worth $10,000 as collateral. Without that the bank will not make the loan.
http://www.investorwords.com/929/collateral.html
Trends of 'collateral'. Translations for 'collateral'. Collateral is money or property which is used as a guarantee that someone will repay a loan.Many people use personal assets as collateral for small business loans.
https://www.collinsdictionary.com/dictionary/english/collateral
Trends of 'collateral'. Translations for 'collateral'. British English: collateral NOUN. Collateral is money or property which is used as a guarantee that someone will repay a loan.Many people use personal assets as collateral for small business loans.
https://www.collinsdictionary.com/dictionary/english/collateral
definition of collaterals
A property or other asset that a borrower offers as a way for a lender to secure the loan. Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan.