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collateral
🏠
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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