Collateral | Mean of collateral in English Dictionary

/kəˈlætərəl/

  • Noun
  • something that you promise to give someone if you cannot pay back a loan
    1. She put up her house as collateral for the loan. [=she agreed that she would give up her house if she did not repay the loan]
  • related but not in a direct or close way
    1. collateral relatives
    2. the collateral effects of the government's policies
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