English-English Dictionary

Meaning of the word collateral in English

What does collateral mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

collateral

US /kəˈlæt̬.ɚ.əl/
UK /kəˈlæt.ər.əl/
"collateral" picture

Noun

1.

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

Example:
•
He put up his house as collateral for the loan.
•
The bank requires sufficient collateral before approving a large loan.
Synonym:
security guarantee pledge bond surety
2.

unintended damage or injury

Example:
•
The bombing caused extensive collateral damage to civilian buildings.
•
They tried to minimize collateral damage during the operation.
Synonym:
side effect by-product consequence repercussion

Adjective

additional but subordinate; secondary.

Example:
•
The research had some interesting collateral findings.
•
His collateral duties included managing the office supplies.
Synonym:
secondary ancillary subordinate additional incidental
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Related Word:
marketing collateral