Meaning of “collateral” in the English Dictionary

"collateral" in British English

See all translations

collateralnoun [ U ]

uk /kəˈlæt.ər.əl/ us /kəˈlæt̬.ɚ.əl/

collateralnoun [ C ]

uk /kəˈlæt.ər.əl/ us /kəˈlæt̬.ɚ.əl/

collateraladjective

uk /kəˈlæt.ər.əl/ us /kəˈlæt̬.ɚ.əl/ formal

(Definition of “collateral” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"collateral" in American English

See all translations

collateralnoun [ U ]

us /kəˈlæt̬·ər·əl/

valuable property owned by someone who wants to borrow money, which the person agrees will become the property of the lender (= person or business that lends money) if the debt is not paid back:

She put up her house as collateral for the loan.

(Definition of “collateral” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"collateral" in Business English

See all translations

collateralnoun [ U ]

uk /kəˈlætərəl/ us

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.

(Definition of “collateral” from the Cambridge Business English Dictionary © Cambridge University Press)