Cool MateMeaning of Collateral
Something pledged as security against a loan or obligation.
In simple words: Something given to secure a loan or guarantee something.
Collateral in a sentence
- The bank required collateral in the form of property to secure the loan.
- He put up his car as collateral for the personal loan.
- The agreement included collateral to protect both parties involved.
- In terms of collateral damage, the bombings affected innocent civilians.
- She felt more secure knowing there was collateral backing the investment.
How to use Collateral
Typically used in financial contexts. Avoid in casual conversations. Can also refer to secondary effects or consequences.
Grammar pattern
use as a noun
Memory hint
Think of 'collateral' as 'collateral security' - imagine cash backing your loan.
Related words
Collocations with Collateral
- provide collateral
- collateral damage
- offer collateral
- collateral requirements
- collateral security
Common mistakes with Collateral
- Confused with 'collateral damage' which specifically refers to unintended harm.
- Using in informal contexts where simpler terms would be better.
- Misunderstanding the financial context as non-financial.
Compare Collateral with Security, Guarantee, Assurance, Pledge, Deposit
Collateral appears in
Collateral in other languages
- Arabicالعربية
ضمان
حاجة تقدمها عشان تضمن قرض أو شيء معين.
- Bengaliবাংলা
জামানত
ঋণ সুরক্ষিত করার জন্য বা কিছু নিশ্চিত করার জন্য দেওয়া কিছু।
- GermanDeutsch
Sicherheit
Etwas, das zur Absicherung eines Kredits oder zur Garantie von etwas gegeben wird.
- SpanishEspañol
Garantía
Algo que se da para asegurar un préstamo o garantizar algo.
- Persianفارسی
وثیقه
چیزی که برای تضمین وام یا ضمانت چیزی داده میشود.
- FrenchFrançais
Gage
Quelque chose qu'on donne pour garantir un prêt ou une obligation.
- Hindiहिन्दी
Collateral
Something given to secure a loan or guarantee something.
- ItalianItaliano
Garanzia
Qualcosa che si dà per assicurare un prestito o garantire qualcosa.
- PortuguesePortuguês
Garantia
Algo dado para garantir um empréstimo ou garantir algo.
- RussianРусский
Залог, Обеспечение
Что-то, что дается в качестве гарантии по кредиту или для обеспечения чего-либо.
- Urduاردو
ضمانت
قرض کی ضمانت یا کسی چیز کی گارنٹی کے لیے دی جانے والی کوئی چیز۔
- Chinese中文
抵押品, 担保品
为贷款或担保某物而提供的东西。
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Frequently asked questions about Collateral
What does Collateral mean?
Something given to secure a loan or guarantee something.
What is the definition of Collateral?
Something pledged as security against a loan or obligation.
How do you use Collateral in a sentence?
The bank required collateral in the form of property to secure the loan.
Can you give another example of Collateral?
He put up his car as collateral for the personal loan.
What are synonyms for Collateral?
Common alternatives include security, guarantee, assurance, pledge, deposit.
What words go with Collateral?
It commonly pairs with provide collateral, collateral damage, offer collateral, collateral requirements, collateral security.
What are common mistakes when using Collateral?
Confused with 'collateral damage' which specifically refers to unintended harm. Using in informal contexts where simpler terms would be better. Misunderstanding the financial context as non-financial.
How do you pronounce Collateral?
US: //kəˈlæt.ər.əl//, UK: //kəˈlæt.ər.əl//. Listen to the audio above to hear native pronunciation.
Is Collateral formal or informal?
"Collateral" is formal, so it fits professional, business, or academic conversations.
When should I use Collateral?
Typically used in financial contexts. Avoid in casual conversations. Can also refer to secondary effects or consequences.