Collateral: meaning, definitions and examples
๐ฐ
collateral
[ kษหlรฆtษrษl ]
financial
Something pledged as security for repayment of a loan, to be forfeited in the event of a default.
Synonyms
Examples of usage
- The company used their inventory as collateral for the bank loan.
- If the borrower fails to repay the loan, the bank has the right to seize the collateral.
- The collateral for the mortgage was the house itself.
legal
Additional but subordinate; secondary.
Synonyms
ancillary, secondary, subordinate
Examples of usage
- The court ruled that the collateral evidence was admissible in the trial.
- The collateral issues were discussed during the hearing.
Translations
Translations of the word "collateral" in other languages:
๐ต๐น garantia
๐ฎ๐ณ เคฌเคเคงเค
๐ฉ๐ช Sicherheit
๐ฎ๐ฉ jaminan
๐บ๐ฆ ะทะฐััะฐะฒะฐ
๐ต๐ฑ zabezpieczenie
๐ฏ๐ต ๆ ไฟ
๐ซ๐ท garantie
๐ช๐ธ garantรญa
๐น๐ท teminat
๐ฐ๐ท ๋ด๋ณด
๐ธ๐ฆ ุถู ุงู
๐จ๐ฟ zรกstava
๐ธ๐ฐ zรกbezpeka
๐จ๐ณ ๆ ไฟ
๐ธ๐ฎ zavarovanje
๐ฎ๐ธ veรฐ
๐ฐ๐ฟ ะบะตะฟัะปะดัะบ
๐ฌ๐ช แฃแแ แฃแแแแแงแแคแ
๐ฆ๐ฟ girov
๐ฒ๐ฝ garantรญa
Word origin
The word 'collateral' originated from the Latin word 'collaterฤlis', which means 'situated at the side'. It was first used in the 15th century to refer to something pledged as security for a loan. Over time, its usage expanded to include the concept of secondary or additional. Today, 'collateral' is commonly used in finance, law, and other fields to denote something offered as security or something secondary or subordinate.