noun

collateral

security, guarantee, secondary

He used his house as collateral for the loan.

He used his house as collateral for the loan.

We must avoid any collateral damage.

We must avoid any collateral damage.

collateral ((for sth.)) security for sth. He used his house as collateral for the loan.

collateral ((damage/benefit)) secondary damage/benefit. We must avoid any collateral damage.

Synonyms: security, guarantee, pledge; secondary, subordinate

From Latin `col-` ('together') + `lateralis` ('of the side'). It literally means 'side by side'.

Think of it as something that stands 'laterally' or 'on the side' to support a main promise (the loan).

This page is designed for learning support. Please use it as a learning reference, not as a formal reference.