collateral
co
lla
ˈlæ
te
ral
rəl
rēl
British pronunciation
/kəlˈætəɹə‍l/

Definition & Meaning of "collateral"in English

collateral
01

additional but less important, often connected to a main element

collateral definition and meaning
example
Examples
While the primary objective of the project was to enhance customer satisfaction, there were collateral advantages, including increased brand loyalty.
The implementation of the new software had collateral consequences, leading to temporary disruptions in the workflow.
02

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

example
Examples
The family reunion included both direct and collateral descendants, all tracing back to the same great-grandparent.
Her collateral relatives were distant cousins, with no immediate blood tie but a shared ancestral connection.
03

situated alongside something

example
Examples
The road runs collateral to the railway tracks, allowing for efficient transportation and connectivity.
Adjacent to the main building, there is a collateral structure that houses additional offices.
04

providing additional support or context

example
Examples
The lawyer presented collateral evidence to strengthen the case.
Collateral research helped provide additional context for the study.
Collateral
01

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

example
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.
The pawnshop accepted the diamond necklace as collateral for the short-term loan.
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