Looking for the meaning of the word COLLATERALS in English for both noun and verb forms from the Oxford Dictionary? Below, you can explore all possible meanings and definitions of COLLATERALS with sentence examples. You can also use the “AUDIO PRONUNCIATION” track to check the correct pronunciation in British English.
Word: Collateral
Speech Type: Noun
late Middle English (as an adjective): from medieval Latin collateralis, from col- ‘together with’ + lateralis (from latus, later- ‘side’). collateral (sense 1 of the noun) (originally US) is from the phrase collateral security, denoting something pledged in addition to the main obligation of a contract
kəˈlat(ə)rəl
something pledged as security for repayment of a loan, to be forfeited in the event of a default
Short Definition:security for repayment of loan
Examples:- she put her house up as collateral for the bank loan
a person having the same ancestor as another but through a different line.
Short Definition:person having same ancestor as another
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