Translation of "collateral" - English-Mandarin Chinese dictionary


noun [ U ] uk us /kəˈlæt.ər.əl/ US  /-ˈlæt̬.ɚ-/ specialized

valuable property owned by someone who wants to borrow money which they agree will become the property of the company or person who lends the money if the debt is not paid back

She used/put up her house as collateral for a loan. 她用自己的房屋作抵押来贷款。

(Translation of “collateral noun” from the Cambridge English-Chinese (Simplified) Dictionary © Cambridge University Press)