collateral
co
lla
ˈlæ
te
ral
rəl
rēl
/kəlˈætəɹə‍l/

Definition & Meaning of "collateral"in English

collateral
01

additional but less important, often connected to a main element

collateral definition and meaning
Examples
While the primary objective of the project was to enhance customer satisfaction, there were collateral advantages, including increased brand loyalty.
02

descended from a shared ancestor, but through a side branch rather than a direct lineage

Examples
The family reunion included both direct and collateral descendants, all tracing back to the same great-grandparent.
03

situated alongside something

Examples
The road runs collateral to the railway tracks, allowing for efficient transportation and connectivity.
04

providing additional support or context

Examples
The lawyer presented collateral evidence to strengthen the case.
Collateral
01

a loan guarantee that may be taken away if the loan is not repaid

Examples
When securing a loan, the bank often requires borrowers to provide collateral, such as real estate or vehicles, to mitigate the risk of default.
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