collateral — property or assets offered as security for a loan
Part of speech: NOUN
Definition: property or assets offered as security for a loan
Pronunciation (IPA): /kəˈlætərəl/
Korean meaning: 담보, 담보물
Korean pronunciation: 컬**래**터럴
Example Sentences
- My uncle tried to use his vintage comic book collection as collateral, but the bank just laughed.
- The bank requires collateral worth twice the loan amount.
- The detective's investigation had the collateral benefit of solving three cold cases.
collateral
NOUN//kəˈlætərəl//
property or assets offered as security for a loan
Offering assets to secure a loan
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From bilateral deals to multilateral agreements, collateral seals them all!
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Start for Free🎤Pronunciation
🌳Etymology
Origin
From Medieval Latin 'collateralis', meaning 'placed side by side' or 'parallel'. It combines the prefix 'col-' (together) with 'lateralis' (relating to the side), derived from Latin 'latus' meaning 'side'.
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“My uncle tried to use his vintage comic book collection as collateral, but the bank just laughed.”
“The bank requires collateral worth twice the loan amount.”
“The detective's investigation had the collateral benefit of solving three cold cases.”
“She worried about the collateral consequences of quitting her job to become a professional cat video maker.”
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