collateral
Intermediatezipf 3.66Pronunciation
/kəˈlætərəl/(kuh-LAT-ur-ul)
Part of speech
noun / adjectivefinance / general
Chinese
抵押品(名词);附带的(形容词)
Definition
As noun: property or assets pledged as security for a loan, which the lender can seize if the borrower defaults. As adjective: accompanying but secondary; additional but subordinate.
Word family
- collateralize/kəˈlætərəlaɪz/(v)以...为抵押
Collocations
- collateral damage
- put up collateral
- collateral for a loan
- collateral requirement
- collateral value
Examples
- 1.Your house serves as collateral for your mortgage — if you stop paying, the bank can foreclose and sell the property to recover its money. (loan security)
- 2.The military euphemism "collateral damage" — civilian casualties treated as an incidental side effect of targeting combatants — is one of the most notorious examples of sanitising language. (secondary/accompanying harm)
Synonyms
- security/sɪˈkjʊərɪti/— something pledged as guarantee
- guarantee/ˌɡærənˈtiː/— assurance of fulfilment
- pledge/plɛdʒ/— something given as security
Etymology
from Latin "collateralis" — "col-" (together) + "lateralis" (of the side) — something alongside, on the side