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1

collateral

play
adjective col·lat·er·al \kə-ˈla-t(ə-)rəl\

Simple Definition of collateral

  • : related but not in a direct or close way

Source: Merriam-Webster's Learner's Dictionary

Full Definition of collateral

  1. 1 a :  accompanying as secondary or subordinate :  concomitant <digress into collateral matters> b :  indirect c :  serving to support or reinforce :  ancillary

  2. 2 :  belonging to the same ancestral stock but not in a direct line of descent — compare lineal 3a

  3. 3 :  parallel, coordinate, or corresponding in position, order, time, or significance <collateral states like Athens and Sparta>

  4. 4 a :  of, relating to, or being collateral used as security (as for payment of a debt or performance of a contract) b :  secured by collateral

collaterality play \-ˌla-tə-ˈra-lə-tē\ noun
collaterally play \-ˈla-t(ə-)rə-lē\ adverb

Examples of collateral in a sentence

  1. the collateral effects of the government's policies



Origin of collateral

Middle English, from Anglo-French, from Medieval Latin collateralis, from Latin com- + lateralis lateral


First Known Use: 14th century

Other Anthropology Terms


2

collateral

noun col·lat·er·al

Simple Definition of collateral

  • : something that you promise to give someone if you cannot pay back a loan

Source: Merriam-Webster's Learner's Dictionary

Full Definition of collateral

  1. 1 :  a collateral relative

  2. 2 :  property (as securities) pledged by a borrower to protect the interests of the lender

  3. 3 :  a branch of a bodily part (as a vein)

1691

First Known Use of collateral

1691


Law Dictionary

1

collateral

play
adjective col·lat·er·al \kə-ˈla-tə-rəl, -ˈla-trəl\

Legal Definition of collateral

  1. 1a :  accompanying as a secondary fact, activity, or agency but subordinate to a main consideration b :  not directly relevant or material <a collateral evidentiary matter> <a collateral issue>

  2. 2 :  belonging to the same ancestral stock but not in a direct line of descent — compare lineal

  3. 3a :  of, relating to, or being collateral used as a security (as for payment of a debt) b :  secured by collateral <a collateral loan>

collaterally adjective



2

collateral

noun col·lat·er·al

Legal Definition of collateral

  1. 1 :  a collateral relative

  2. 2 :  property pledged by a borrower to protect the interests of the lender in the event of the borrower's default; specifically under Article 9 of the Uniform Commercial Code :  property subject to a security interest





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