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collateralize

/kəˈlætərəˌlaɪz/ /kəˈlætərəlˌaɪz/

Meanings
verb
To secure a loan or other contract by using collateral.

Examples :

"She had to collateralize the loan with her car in order to get the money for college. "
business finance law

Related Words

Illustration loan

loan noun

/ləʊn/ /loʊn/

An act or instance of lending, an act or instance of granting something for temporary use.

"Because of the loan that John made to me, I was able to pay my tuition for the upcoming semester."

Illustration college

college noun

/ˈkɒlɪd͡ʒ/ /ˈkɑlɪd͡ʒ/

A corporate group; a group of colleagues.

"The college of teachers collaborated on a new curriculum for the school. "

Illustration using

using verb

/ˈjuːzɪŋ/

To utilize or employ.

"She is using a calculator to solve the math problem. "

Illustration other

other noun

/ˈɐðə/ /ʊðə/ /ˈʌðɚ/

An other, another (person, etc), more often rendered as another.

"My brother is a different person; he's an other, not like me at all. "

Illustration collateral

collateral noun

/kəˈlætəɹəl/

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

"To secure a loan for a new car, Sarah offered her savings account as collateral. "

Illustration assets

assets noun

/ˈæsets/

Something or someone of any value; any portion of one's property or effects so considered.

"These shares are a valuable asset."

Illustration small

small noun

/smoːl/ /smɑl/ /smɔːl/ /smɔl/

Any part of something that is smaller or slimmer than the rest, now usually with anatomical reference to the back.

"The child's small was sore after carrying his heavy backpack to school. "

Illustration pledge

pledge noun

/plɛdʒ/

A solemn promise to do something.

"The student made a pledge to study harder for the upcoming exam. "

Illustration secure

secure verb

/səˈkjɔː(ɹ)/ /səˈkjɔɹ/

To make safe; to relieve from apprehensions of, or exposure to, danger; to guard; to protect.

"The school installed new security cameras to secure the building and protect students. "

Illustration money

money noun

/ˈmʌni/

A legally or socially binding conceptual contract of entitlement to wealth, void of intrinsic value, payable for all debts and taxes, and regulated in supply.

"The government uses money to pay teachers' salaries. "

Illustration order

order noun

/ˈɔːdə/ /ˈɔɹdɚ/

Arrangement, disposition, or sequence.

"The order of the books on the shelf was alphabetical by author. "

Illustration contract

contract noun

/ˈkɒntɹækt/ /ˈkɑntɹækt/ /kənˈtɹækt/

An agreement between two or more parties, to perform a specific job or work order, often temporary or of fixed duration and usually governed by a written agreement.

"Marriage is a contract."