What is meant a collateral give two examples?

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[ kuh-lat-er-uhl ]

/ kəˈlæt ər əl /

This shows grade level based on the word's complexity.

noun

Finance. property or other assets pledged by a borrower as security for the repayment of a loan: He gave the bank stocks and bonds as collateral for the money he borrowed.

Anatomy.

1. a subordinate or accessory part.
2. a side branch, as of a blood vessel or nerve.
3. collateral circulation.

a relative descended from the same stock, but in a different line.

adjective

accompanying; auxiliary: He received a scholarship and collateral aid.

additional; confirming: collateral evidence;collateral security.

secured by collateral: a collateral loan.

aside from the main subject, course, etc.; secondary: These accomplishments are merely collateral to his primary goal.

descended from the same stock, but in a different line; not lineal: A cousin is a collateral relative.

pertaining to those so descended.

situated at the side: a collateral wing of a house.

situated or running side by side; parallel: collateral ridges of mountains.

Botany. standing side by side.

Origin of collateral

First recorded in 1350–1400; Middle English, from Medieval Latin collaterālis, equivalent to col- a variant of com- + Latin laterālis “on the side of the body”; see col-1 lateral

OTHER WORDS FROM collateral

col·lat·er·al·i·ty [koh-lat-uh-ral-i-tee], /koʊˌlæt əˈræl ɪ ti/, col·lat·er·al·ness, nouncol·lat·er·al·ly, adverb

Words related to collateral

ancillary, accessory, adjuvant, attendant, auxiliary, complementary, concomitant, coordinate, dependent, incident, lateral, parallel, roundabout, satellite, side, sub, subordinate, subsidiary, supporting, tributary

How to use collateral in a sentence

• For the medical community, in particular, the war on drugs produced widespread collateral damage in the form of treatments undiscovered, in the form of human suffering unalleviated, in the form of scientific knowledge unattained.

• Soon, even their dream home was at risk as collateral for a line of credit from AvidBank.

• Most of these sites—notably Compound and Maker—rely on a decentralized network of lenders and borrowers, who use smart contracts to arrange collateral and payment terms.

• Sid Coelho-Prabhu, who is leading the Coinbase wallet initiative, says any loans consumers make on the platform are secure, since they are backed by borrowers’ collateral.

• The move comes in the wake of mounting concern about the scale of predatory lending given the proliferation of startups offering online, collateral-free loans in Kenya.

• Horace had been playing poker with a mortician, who had put the car up as collateral.

• In 2008, it was looking at a death spiral: cut credit ratings, claims on the policies, and collateral calls.

• The euphemism of “collateral damage” comes with that package.

• This can cause women to end up as collateral, even when they themselves have committed no wrong.

• That night Gasol hobbled off his home court with a torn medial collateral ligament in his left knee.

• From one of these, which may be considered as collateral primary meanings, it must therefore be deduced.

• The commentary is not very helpful, and discusses collateral questions rather than the dream itself.

• The direct and collateral hereditary tendency appears to indicate a diathetic origin.

• At the front it has a one-sided irregular look; and this is owing to the non-completion of a collateral spire.

• If the horse is the source, or principal trunk, the zebra and the ass will be collateral branches.

noun

1. security pledged for the repayment of a loan
2. (as modifier)a collateral loan

a person, animal, or plant descended from the same ancestor as another but through a different line

adjective

situated or running side by side

descended from a common ancestor but through different lines

serving to support or corroborate

aside from the main issue

Derived forms of collateral

collaterally, adverb

Word Origin for collateral

C14: from Medieval Latin collaterālis, from Latin com- together + laterālis of the side, from latus side

Property or its equivalent that a debtor deposits with a creditor to guarantee repayment of a debt.