Definitions of "collateral"
  1. A fact or circumstance that accompanies the main issue, but is secondary in significance
  2. Something not immediately important or relevant to the main concern
  3. Associated with the same lineage but not directly descending from the same ancestor
  4. Assets leveraged as a security to ensure debt repayment
  5. A pledge wherein an asset secures a loan or debt
  6. A relative who is not a direct ancestor or descendant but shares the same ancestry
  7. The asset or property used as a guarantee by a borrower that will be taken by the lender in case of nonpayment of the loan
How to use "collateral" in a sentence
  1. The bank requires some form of collateral before approving the loan.
  2. Due to his collateral relationship to the direct descendants, he was not entitled to the inheritance.
  3. Although the additional reports were collateral to the central issue, the judge still allowed them into evidence.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z