collateral
pronunciation
How to pronounce collateral in British English:
UK [kəˈlætərəl]
How to pronounce collateral in American English:
US [kəˈlætərəl]
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- Noun:
- a security pledged for the repayment of a loan
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- Adjective:
- descended from a common ancestor but through different lines
- serving to support or corroborate
- accompaniment to something else
- situated or running side by side
Word Origin
- collateral (adj.)
- late 14c., "accompanying," also "descended from the same stock," from Old French collateral (13c.), from Medieval Latin collateralis "accompanying," literally "side by side," from Latin com- "together" (see com-) + lateralis "of the side," from latus "a side" (see oblate (n.)). Literal sense of "parallel, along the side of" attested in English from mid-15c. Related: Collaterally.
- collateral (n.)
- 16c., "colleague, associate," from collateral (adj.). Meaning "thing given as security" is from 1832, American English, from phrase collateral security (1720).
Example
- 1. But a bankruptcy could leave those collateral shares worthless .
- 2. The reserves are collateral for the bonds held privately .
- 3. This is a secured lending rate that typically uses gilts as collateral .
- 4. But the collateral damage might be broader .
- 5. In effect xstrata is lending glencore money with the mine as collateral .