Background for collateral
BeDict Logo

collateral

/kəˈlætəɹəl/

Meanings
noun
A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.

Examples :

"To secure a loan for a new car, Sarah offered her savings account as collateral. "
finance business asset economy law

Related Words

Illustration documentation

documentation noun

/ˌdɒkjʊmənˈteɪʃən/ /ˌdɑkjəmənˈteɪʃən/

Something transposed from a thought to a document; the written account of an idea.

"The teacher's detailed documentation of the student's progress was helpful for understanding the learning process. "

Illustration encouragement

encouragement noun

[ɪnˈkʌɹɪdʒmənt]

The act of encouraging

"The teacher's encouragement helped the student overcome her fear of public speaking. "

Illustration corresponding

corresponding verb

/ˌkɒɹəˈspɒndɪŋ/ /ˌkɑɹəˈspɑndɪŋ/

(constructed with to) To be equivalent or similar in character, quantity, quality, origin, structure, function etc.

"The student's performance on the math test corresponded to the level of effort she put in during the week. "

Illustration preventing

preventing verb

/pɹɪˈvɛntɪŋ/

To stop (an outcome); to keep from (doing something).

"I brush my teeth regularly to prevent them from turning yellow."

Illustration electronic

electronic adjective

/ɪˌlɛkˈtɹɒn.ɪk/ /ɪˌlɛkˈtɹɑn.ɪk/

: Of or pertaining to an electron or electrons.

"The electronic configuration of atoms is important in chemistry class. "

Illustration attendance

attendance noun

/əˈtɛn.dəns/

The state of attending; presence or waiting upon.

"Attendance at the meeting is required."

Illustration contemporary

contemporary noun

/kənˈtɛm.p(ə).ɹi/ /kənˈtɛm.pəˌɹɛɹ.i/

Someone or something living at the same time, or of roughly the same age as another.

"Cervantes was a contemporary of Shakespeare."

Illustration accompanying

accompanying verb

/əˈkʌm.p(ə.)ni.ɪŋ/

To go with or attend as a companion or associate; to keep company with; to go along with.

"Geoffrey accompanied the group on their pilgrimage."

Illustration collaterals

collaterals noun

/kəˈlætərəlz/ /kəˈlætɪrəlz/

A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.

"To get a bank loan for her new bakery, Maria offered her car and house as collaterals. "

Illustration prestigious

prestigious adjective

/pɹə-/

Of high prestige.

"She has a prestigious job with an international organization."

Illustration concomitant

concomitant noun

/kənˈkɒmɪtənt/ /kənˈkɑːmətənt/

Something happening or existing at the same time.

"The increase in stress was a concomitant of the job promotion. "

Illustration relationship

relationship noun

/ɹɪˈleɪʃ(ə)nʃɪp/ /ɹɪˈleɪʃənˌʃɪp/

Connection or association; the condition of being related.

"My teacher has a good relationship with all her students. "