WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from WordNet

Definitions from the Web

Collaterals

Definition:

Collaterals refer to something pledged as security for repayment of a loan. It can also indicate side branches or secondary components.

Usage:

Noun:

1. In finance, collaterals are commonly used by borrowers to secure loans from lenders.
2. The bank requested the borrower to provide collaterals to guarantee the loan.

Adjective:

1. The local business provided collateral assets to secure the funding needed for expansion.
2. The collateral damage caused by the accident affected the nearby buildings.

Sample Sentences:

Noun:

1. The house was used as collateral for the mortgage.
2. The borrower forfeited his collaterals when he failed to repay the loan.

Adjective:

1. The local community suffered collateral damage due to the construction activity.
2. The collateral effects of the new policy were felt throughout the entire region.

Related Products:

You can explore related products on Amazon:

• Collateral Loans
• Collateral Damage
• Collateral Asset Management