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collateral

noun
kəˈlæt.ər.əl

Meaning

Something pledged as security for repayment of a loan, to be forfeited in the event of a default.
something pledged as security for repayment of a loan

Example Sentences

The bank requires collateral for loan approval.

He used his house as collateral for the bank loan.

Example Expressions

collateral damage

Synonyms

security, guarantee, pledge, assurance
Entry 1
security, guarantee, pledge
Entry 2
security, guarantee, pledge, assurance

Antonyms

unsecured loan, risky investment, liability, unsecured, risk
Entry 1
unsecured loan, risky investment, liability
Entry 2
unsecured, risk

Collocations

post collateral, offer collateral, collateral loan, collateral damage

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