collateral meaning

Adjective: collateral  ku'laturul

1. Descended from a common ancestor but through different lines
   "cousins are collateral relatives"
   - indirect 
2. Serving to support or corroborate
   "collateral evidence"
   - confirmative, confirming, confirmatory, corroborative, corroboratory, substantiating, substantiative, validating, validatory, verificatory, verifying 
3. Accompany, concomitant
   "collateral target damage from a bombing run" 
4. Situated or running side by side
   "collateral ridges of mountains"

Noun: collateral  ku'laturul

1. A security pledged for the repayment of a loan

Derived forms: collaterals

See also: parallel, related, secondary, supportive

Type of: security interest

Antonym: lineal

Encyclopedia: Collateral

[Business]
noun, adjective

■ noun [U]

1 (Finance )

property or sth valuable that you promise to give sb if you cannot pay back money that you borrow:

The company cannot sell its assets as they act as collateral for its loans.

2 (Marketing ) (AmE) = COLLATERAL MATERIAL

[Economics]
A form of security, especially an impersonal form of security, such as life-assurance policies or shares, used to secure a bank loan. In some senses such impersonal securities are referred to as a secondary security, rather than a primary security, such as a guarantee.

[Finance]
Asset than can be repossessed if a borrower defaults.

[Law]
1.adj. Describing the relationship between people who share a common ancestor but are descended from him through different lines of descent. See also CONSANGUINITY.
2. adj. Ancillary; subordinate but connected to the main subject, etc.
3. n. Security that is additional to the main security for a debt (or an advantage to the mortgagee that is additional to the payment of interest). For example, a lender may require as collateral the assignment of an insurance policy in addition to the principal security of a mortgage on the borrower's home.

[Medicine]
n
1 : a branch esp. of a blood vessel, nerve, or the axon of a nerve cell ‹excitation of axon collaterals›
2 : a bodily part (as a ligament) that is lateral in position
adj
1 : relating to or being branches of a bodily part ‹collateral sprouting of nerves›
2 : relating to or being part of the collateral circulation ‹collateral circulatory vessels› ‹collateral blood flow›

Examples

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1. it will have one other collateral advantage.
2. all organs have some degree of collateral circulation.
3. you're betting i'll put up my meadow as collateral.
4. the government took all of chrysler's assets as collateral.
5. those lords and ladies scattered around in the collateral branches of the family tree.