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Vocabulary Entry
collateral
|noun β’ adjective
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N
noun
Something pledged as security for repayment of a loan or performance of an obligation.
Example Sentences
"The bank required collateral to secure the loan."
"He offered his car as collateral for the mortgage."
"Without collateral, itβs difficult to get a large loan."
A
adjective
Secondary; serving as a backup or additional option.
Example Sentences
"The collateral damage from the explosion was substantial."
"She had collateral responsibilities in addition to her main job."
"Using collateral evidence can support the main argument."