What does 'collateral' mean as a grammatical term

1. What do you mean by term collateral?
2. What is collateral in a sentence?
3. What does collateral mean in literature?
4. What is an example of collateral adjective?

What do you mean by term collateral?

Put simply, collateral is an item of value that a lender can seize from a borrower if he or she fails to repay a loan according to the agreed terms. One common example is when you take out a mortgage. Normally, the bank will ask you to provide your home as collateral.

What is collateral in a sentence?

There is collateral available to be sold if the loans default. Collateral is money or property that is used as a guarantee that someone will repay a loan. Many people use personal assets as collateral for small business loans. He agreed to lend the company $40 million, using its substantial assets as collateral.

What does collateral mean in literature?

5 serving to support or corroborate. 6 aside from the main issue. 7 uniting in tendency. (C14: from Medieval Latin collateralis, from Latin com- together + lateralis of the side, from latus side)

What is an example of collateral adjective?

Other examples of collateral adjectives (and their related nouns) are pluvial (rain), dental (tooth), puerile (child), cerebral (brain), and thermal (heat).