collateral

col·lat·er·al

Use collateral in a sentence

adjective

Collateral is defined as something side by side, or something pledged to guarantee that a loan will be repaid.
1. An example of collateral is the death of one of two soldiers who had been fighting in positions next to each other; collateral damage.
2. An example of collateral is someone temporarily giving their phone to a friend in exchange for borrowing an expensive tool; collateral loan.

noun

The definition of collateral is something given as a promise that a loan will be repaid.
An example of collateral is a parent giving their house temporarily to a bail bondsman to get their child out of jail.

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"collateral." YourDictionary, n.d. Web. 15 August 2019. <https://www.yourdictionary.com/Collateral>.

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collateral. (n.d.). Retrieved August 15th, 2019, from https://www.yourdictionary.com/Collateral

collateral

side by side; parallel
parallel in time, rank, importance, etc.; corresponding
accompanying or existing in a subordinate, corroborative, or indirect relationship
descended from the same ancestors but in a different line: a cousin is a collateral relative
1. designating or of security given as a pledge for the fulfillment of an obligation
2. secured or guaranteed by property, as stocks or bonds: a collateral loan

Origin of collateral

Middle English from Medieval Latin collateralis from Classical Latin com-, together + lateralis, lateral

a collateral relative
anything, such as stocks or bonds, that secures or guarantees the discharge of an obligation

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MLA Style

"collateral." YourDictionary, n.d. Web. 15 August 2019. <https://www.yourdictionary.com/Collateral>.

APA Style

collateral. (n.d.). Retrieved August 15th, 2019, from https://www.yourdictionary.com/Collateral

collateral

adjective

Situated or running side by side; parallel.
Coinciding in tendency or effect; concomitant or accompanying.
Serving to support or corroborate: collateral evidence.
Of a secondary nature; subordinate: collateral target damage from a bombing run.
Of, relating to, or guaranteed by a security pledged against the performance of an obligation: a collateral loan.
Having an ancestor in common but descended from a different line.

noun

Property acceptable as security for a loan or other obligation.
A collateral relative.

Origin of collateral

Middle English from Medieval Latin collaterālis Latin com- com- Latin latus later- side

Related Forms:

col·lat′er·al·ly
adverb

THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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MLA Style

"collateral." YourDictionary, n.d. Web. 15 August 2019. <https://www.yourdictionary.com/Collateral>.

APA Style

collateral. (n.d.). Retrieved August 15th, 2019, from https://www.yourdictionary.com/Collateral

Adjective

(not comparable)

parallel, along the same vein, side by side.
Corresponding; accompanying, concomitant.
Being aside from the main subject; tangential, subordinate, ancillary.
Although not a direct cause, the border skirmish was certainly a collateral incitement for the war.
(family) of an indirect ancestral relationship, as opposed to lineal descendency.
Uncles, aunts, cousins, nephews and nieces are collateral relatives.
relating to a collateral in the sense of an obligation or security
expensive to the extent of being paid through a loan
Coming or directed along the side.
collateral pressure
Acting in an indirect way.

Related terms

lateral

Noun

(plural collaterals)

A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. (Originally supplied as "accompanying" security.)
(now rare) A collateral (not linear) family member.
A branch of a bodily part or system of organs
Besides the arteries blood streams through numerous veins we call collaterals

Origin

Recorded since c.1378, from Old French, from Medieval Latin collaterālis, from Latin col- (“together with”) (a form of con-) + the stem of latus (“side”).

English Wiktionary. Available under CC-BY-SA license.

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MLA Style

"collateral." YourDictionary, n.d. Web. 15 August 2019. <https://www.yourdictionary.com/Collateral>.

APA Style

collateral. (n.d.). Retrieved August 15th, 2019, from https://www.yourdictionary.com/Collateral

collateral - Investment & Finance Definition

An asset pledged as payment for a loan if the debtor fails to make regular payments. Collateral on a consumer loan may be an automobile, real estate, or other significant personal property. Collateral on a business loan may be property, equipment, or other assets of the company. On asset-backed debt, the collateral is the underlying mortgages or credit-card receivables.

Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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MLA Style

"collateral." YourDictionary, n.d. Web. 15 August 2019. <https://www.yourdictionary.com/Collateral>.

APA Style

collateral. (n.d.). Retrieved August 15th, 2019, from https://www.yourdictionary.com/Collateral

collateral - Legal Definition

adj

Secondary; subordinate; supplemental.

n

Property, including accounts, contract rights, and chattel paper, that is subjected to a security interest in exchange for credit or as security for a debt.

adj

Indirect; on a parallel or diverging line.

collateral ascendant

A relative, such as an aunt, uncle, or cousin, who has a common ancestor with a person but is not that person’s ancestor. Also called collateral. See also ancestor and descendant.

collateral attack

An attack in a judicial proceeding against another judicial proceeding or a judgment entered in another court. For example, a party in Florida may attack a judgment entered against him by an Alaska court on the grounds that Alaska did not have jurisdiction over him or the underlying cause of action. See also habeas corpus and direct.

collateral consanguinity

See consanguinity.

collateral estoppel

See estoppel.

collateral heir

See heir.

collateral source rule

In tort law, the doctrine that any compensation, such as insurance benefits, received by an injured party from a source that is independent of the tortfeasor does not reduce the damages that the tortfeasor is obligated to pay. See also subrogation.