🏦collateral

noun
/kəˈlætərəl/

Meaning

something pledged as security for repayment of a loan
Something pledged as security for repayment of a loan, to be forfeited in the event of a default.

Example Sentences

He used his house as collateral for the bank loan.

The bank requires collateral for loan approval.

Example Expressions

collateral damage

Synonyms

security, guarantee, pledge, assurance
Entry 1
security, guarantee, pledge, assurance
Entry 2
security, guarantee, pledge

Antonyms

unsecured, risk, unsecured loan, risky investment, liability
Entry 1
unsecured, risk
Entry 2
unsecured loan, risky investment, liability

Collocations

post collateral, offer collateral, collateral loan, collateral damage

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