Meaning & use
Collaterals
Last updated
Assets pledged by a borrower as security for a loan, which the lender can seize if the loan is not repaid.
See it in a sentence
The bank required collaterals before approving the business loan.
Real estate is often used as one of the collaterals in large loans.
A note on using this word
Plural of 'collateral'; in everyday speech the singular 'collateral' is far more common than the plural form.
Words with a similar meaning
securitiespledgesguarantees
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