collateral Definition and Meaning in English (collateral definition)
nounQuick Answer • Definition
Collateral definition: An asset pledged by a borrower to a lender as security for a loan, which can be seized by the lender if the borrower defaults on repayment.
Definitions of Collateral
- 1noun(formal)
An asset pledged by a borrower to a lender as security for a loan, which can be seized by the lender if the borrower defaults on repayment.
- 2adjective
Additional but subordinate; secondary or indirect, often referring to damage or effects that are unintended consequences of an action.
Example Sentences
business
“The bank required collateral for the business loan.”
casual
“He put up his house as collateral to secure the loan.”
formal
“The military operation resulted in significant collateral damage.”
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adverbcollaterally
Frequently Asked Questions: Collateral in English
What is the meaning of Collateral in English?▼
Collateral definition: An asset pledged by a borrower to a lender as security for a loan, which can be seized by the lender if the borrower defaults on repayment.
How do you translate 'Collateral' to English?▼
'Collateral' translates to 'collateral' in English. Collateral definition: An asset pledged by a borrower to a lender as security for a loan, which can be seized by the lender if the borrower defaults on repayment.
How do you pronounce 'Collateral' and 'collateral'?▼
Listen to clear English audio pronunciation of 'Collateral' and native English audio speech for 'collateral' with bilingual sentence examples on DictBridge.
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