collateral
noun
[ kəˈlat(ə)r(ə)l ]
• something pledged as security for repayment of a loan, to be forfeited in the event of a default.
• "she put her house up as collateral for the bank loan"
Similar:
security,
surety,
guarantee,
guaranty,
pledge,
bond,
insurance,
indemnity,
indemnification,
pawn,
backing,
bail,
hostage,
assurance,
gage,
earnest,
• a person having the same ancestor as another but through a different line.
collateral
adjective
• additional but subordinate; secondary.
• "the collateral meanings of a word"
• descended from the same stock but by a different line.
• "a collateral descendant of Robert Burns"
• situated side by side; parallel.
• "collateral veins"
Origin:
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.
