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collateral

[kəˈlætərəl]

collateral Definition

  • 1something pledged as security for repayment of a loan, to be forfeited in the event of a default.
  • 2additional but subordinate; secondary.
  • 3accompanying or existing in a subordinate, corroborative, or indirect relationship.

Using collateral: Examples

Take a moment to familiarize yourself with how "collateral" can be used in various situations through the following examples!

  • Example

    The bank required him to put up his house as collateral for the loan.

  • Example

    The collateral damage from the bombing was extensive.

  • Example

    The new evidence is collateral to the case.

collateral Synonyms and Antonyms

Synonyms for collateral

Antonyms for collateral

Phrases with collateral

  • beauty that arises from difficult or tragic circumstances

    Example

    The movie explores the concept of collateral beauty and how it can be found even in the darkest moments of life.

  • unintended harm caused to civilians and their property during a military operation

    Example

    The bombing resulted in significant collateral damage, including the destruction of several nearby buildings.

  • a legal doctrine that prevents a party from relitigating an issue already decided in a previous case

    Example

    The court applied the doctrine of collateral estoppel to prevent the defendant from arguing the same issue again.

Origins of collateral

from Latin 'collaterālis', meaning 'side by side'

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Summary: collateral in Brief

The term 'collateral' [kəˈlætərəl] refers to something pledged as security for a loan, or something additional but subordinate. It can also describe a relationship that is indirect or corroborative. Examples include 'The bank required him to put up his house as collateral for the loan,' and 'The collateral damage from the bombing was extensive.' Phrases like 'collateral beauty' and 'collateral estoppel' extend the term's usage.