collateral


1col·lat·er·al

adjective \kə-ˈla-t(ə-)rəl\

: related but not in a direct or close way

Full Definition of COLLATERAL

1
a :  accompanying as secondary or subordinate :  concomitant <digress into collateral matters>
b :  indirect
c :  serving to support or reinforce :  ancillary
2
:  belonging to the same ancestral stock but not in a direct line of descent — compare lineal 3a
3
:  parallel, coordinate, or corresponding in position, order, time, or significance <collateral states like Athens and Sparta>
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
col·lat·er·al·i·ty \-ˌla-tə-ˈra-lə-tē\ noun
col·lat·er·al·ly \-ˈla-t(ə-)rə-lē\ adverb

Examples of COLLATERAL

  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

ectomorph, ethnography, prehistory, yurt

2collateral

noun

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

Full Definition of COLLATERAL

1
:  a collateral relative
2
:  property (as securities) pledged by a borrower to protect the interests of the lender
3
:  a branch of a bodily part (as a vein)

First Known Use of COLLATERAL

1691

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

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