Definition of Collateral
Collateral
col·lat·er·al
Definition/Meaning
(noun)
property pledged as security by a borrower for repayment of a loan, to protect the interests of the lender;
e.g. He used her diamond ring as collateral for the loan.
(noun)
informational materials used in selling a product or service to a prospective customer or buyer;
e.g. He found the marketing collateral tucked into the side cupboard.
(noun)
a branch of a bodily part (such as a vein);
e.g. He injected the medicine into the collateral to help relieve her pain.
(adjective)
accompanying as secondary or subordinate;
e.g. He needed to bring his collateral subordinates with him to the meeting.
(adjective)
serving to support or reinforce;
e.g. He had collateral documents in case something went wrong at the meeting.
(adjective)
belonging to the same ancestral stock but not in a direct line of descent;
e.g. His family was all collateral kin from one generation to the next.
(adjective)
parallel, coordinate, or corresponding in position, order, time, or significance;
e.g. Their meeting was a collateral surprise, but not an unwelcome one.
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