CEFR B2

collateral

noun

Meaning

Property or assets pledged by a borrower to a lender to secure a loan, which can be taken by the lender if the borrower fails to repay.

Examples

He had to offer his house as collateral for the mortgage.
The company's equipment served as collateral for the business loan.

Synonyms: security, guarantee, pledge, surety

Learn English that separates you from the crowd with Anaversity: private classes, Ani practice, Campus tools, and a public English-learning community.

collateral (B2)

noun

Pronunciation: /kəˈlætərəl/

Definition

Property or assets pledged by a borrower to a lender to secure a loan, which can be taken by the lender if the borrower fails to repay.

Examples

He had to offer his house as collateral for the mortgage.
The company's equipment served as collateral for the business loan.
Without sufficient collateral, the bank refused to approve the loan.

How to Use collateral

collateral for (prepositional phrase): Used to specify what the collateral is securing. — "She used her investment portfolio as collateral for the business loan."
collateral damage (collocation): Unintended harm or destruction caused by military action to non-military targets. — "The report detailed the extensive collateral damage caused by the bombing raid."

Synonyms of collateral

Words with a similar meaning to collateral:

Antonyms of collateral

Words with the opposite meaning to collateral:

Browse the full Anaversity dictionary