Longman Dictionary of Contemporary English homepage

Topic: LOANS

collateral

1 noun
     
col‧lat‧e‧ral1 [uncountable]
BFL property or other goods that you promise to give someone if you cannot pay back the money they lend you [= security]:
We put up our home as collateral in order to raise the money to invest in the scheme.
—collateralize American English verb [transitive]
Definition of collateral from the Longman Dictionary of Contemporary English within
the topic LOANS
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