Collateral

Collateral
Assets than can be repossessed if a borrower defaults. The New York Times Financial Glossary

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collateral col‧lat‧e‧ral [kəˈlætrəl] noun [uncountable]
FINANCE assets promised by a borrower to a lender if the borrower cannot repay a loan; = SECURITY:

• The firm went bankrupt, and because he had used his two homes as collateral when he borrowed money for the company, he lost almost everything he owned.

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   Assets used as a form of security for bond issuances. In case of default by the borrowers, the lenders (bondholders) have the legal right to claim those assets and sell them off to repay the loan.

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collateral UK US /kəˈlætərəl/ noun [U]
► FINANCE property that someone borrowing money will give to the loan company, if he or she cannot pay the debt: use sth as/pledge sth as/put sth up as collateral »

Debt counsellors are concerned by the trend towards using houses as collateral against debt.

→ See also MARKETING COLLATERAL(Cf. ↑marketing collateral), SECURITY(Cf. ↑security)

Financial and business terms. 2012.

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Synonyms:
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Look at other dictionaries:

  • collateral — col·lat·er·al 1 /kə la tə rəl, la trəl/ adj 1 a: accompanying as a secondary fact, activity, or agency but subordinate to a main consideration b: not directly relevant or material a collateral evidentiary matter a collateral issue 2: belonging to …   Law dictionary

  • collatéral — collatéral, ale, aux [ kɔ(l)lateral, o ] adj. • colatéralXIVe; lat. médiév. collateralis, de latus, lateris « côté » 1 ♦ Qui est latéral par rapport à qqch. Anat. Artère collatérale, qui se détache d un tronc principal et chemine parallèlement à… …   Encyclopédie Universelle

  • Collateral — Col*lat er*al, a. [LL. collateralis; col + lateralis lateral. See {Lateral}.] 1. Coming from, being on, or directed toward, the side; as, collateral pressure. Collateral light. Shak. [1913 Webster] 2. Acting in an indirect way. [1913 Webster] If… …   The Collaborative International Dictionary of English

  • Collateral — Título Colateral Colateral: Lugar y tiempo equivocado Ficha técnica Dirección Michael Mann Ayudante de dirección Michael Waxman Carla Bowen …   Wikipedia Español

  • Collateral — may refer to: Collateral (finance) Collateral (film) See also Collateral damage Collateral Warranty Collateral contract Collateral ganglia Collateral estoppel Collateral source rule Collateralized debt obligation Marketing collateral Collateral… …   Wikipedia

  • collatéral — collatéral, ale (kol la té ral, ra l ) adj. 1°   Qui accompagne, qui marche à côté.    Terme d architecture. Nef collatérale, nef des bas côtés ou ailes d une église ; et, substantivement, les collatéraux d une église, les bas côtés.    Terme d… …   Dictionnaire de la Langue Française d'Émile Littré

  • Collateral — Collatéral (film) Pour les articles homonymes, voir Collatéral. Collatéral est un thriller et un film d action américain réalisé par Michael Mann et sorti en 2004 …   Wikipédia en Français

  • collateral — Property pledged as security for the satisfaction of a debt. Collateral may also refer to property that has become subject to the lien of one or more creditors through judicial process. Such creditors are often referred to as secured creditors… …   Glossary of Bankruptcy

  • collatéral — COLLATÉRAL, ALE. adj. (On pron. les L.) Ce terme n est d usage qu en parlant de parenté et de succession hors de la ligne directe, soit descendante, soit ascendante. Ainsi on appelle Héritier collatéral, Un héritier qui ne descend point de celui… …   Dictionnaire de l'Académie Française 1798

  • Collateral — Col*lat er*al, n. 1. A collateral relative. Ayliffe. [1913 Webster] 2. Collateral security; that which is pledged or deposited as collateral security. [1913 Webster] …   The Collaborative International Dictionary of English

  • collateral — [kə lat′ər əl] adj. [ME < ML collateralis < L com , together + lateralis,LATERAL] 1. side by side; parallel 2. parallel in time, rank, importance, etc.; corresponding 3. accompanying or existing in a subordinate, corroborative, or indirect… …   English World dictionary

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