collateral
adjective · noun
Simple meaning
Parallel, in the same vein, side by side.
Pronunciation
Say it like this:
kuhlateruhlSay the bold part a little louder.
IPA pronunciation (US)
kəˈlætɚəl
This word is pronounced essentially the same in American and British English, so one transcription covers both.
IPA (International Phonetic Alphabet) is a standard way of writing speech sounds.
Definition
Everyday modern meanings first, grouped by part of speech.
adjective
finance
Relating to a collateral in the sense of an obligation or security.
Parallel, in the same vein, side by side.
Corresponding; accompanying, concomitant.
Being aside from the main subject, target, or goal.
Coming or directed along the side.
Acting in an indirect way.
noun
marketing
Printed materials or content of electronic media used to enhance sales of products (short form of collateral material).
finance
A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.
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More ways to use collateral
- “The bank required some collateral for the loan approval.”
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