Question: How Do You Use The Word Collateral?

What is the opposite of collateral damage?

Noun.

Opposite of unintentional damage to non-military people or property during war.

intentional damage.

intentional injury..

How does a collateral loan work?

A collateral loan is often called a secured loan. This means the loan is guaranteed by something you own, and if you can’t pay your loan back, the lender has the right to claim the collateral, whether it’s a car, savings account, piece of jewelry, investment portfolio or a home.

What kind of collateral do I need for a loan?

You can use anything that holds value as collateral for a personal loan, as long as that value matches or exceeds the loan amount and will be accepted by the lender. Common forms of collateral for a personal loan include things like cars, investments, real estate and more.

Can cash be used as collateral?

As far as common forms of collateral go, cash in a bank account, such as a savings account or certificate of deposit, usually work well since the value is clear and the funds are readily available. Garvey says you can use a car, house, jewelry or other valuable asset as long as you’re the owner.

How do you use the word collateral in a sentence?

Collateral in a Sentence 🔉When Matt was arrested, his mother used her home as collateral for his bail. … Jake used his car title as collateral for a loan. … Since my sister has a habit of keeping my clothes, I now ask for collateral when she wants to borrow something.More items…

What is an example of collateral?

These include checking accounts, savings accounts, mortgages, debit cards, credit cards, and personal loans., he may use his car or the title of a piece of property as collateral. If he fails to repay the loan, the collateral may be seized by the bank, based on the two parties’ agreement.

What’s another word for collateral?

In this page you can discover 58 synonyms, antonyms, idiomatic expressions, and related words for collateral, like: pledge, supporting, financial promise, insurance, security, endorsement, warrant, deposit, affirmative, direct and validating.

What does it mean when someone is collateral damage?

: injury inflicted on something other than an intended target specifically : civilian casualties of a military operation.

What does collateral mean in anatomy?

Collateral: In anatomy, a collateral is a subordinate or accessory part. A collateral is also a side branch, as of a blood vessel or nerve. After a coronary artery occlusion, collaterals (that is, collateral vessels) often develop to shunt blood around the blockage.

What is collateral preparation?

In marketing and sales, marketing collateral is sometimes considered the collection of media used to support the sales of a product or service. Historically, the term “collateral” specifically referred to brochures or sell sheets developed as sales support tools.

Is collateral the same as down payment?

Collateral can be used as a down payment on a house. Lenders typically require a 20 percent down payment on most home loans. … Collateral can be many assets – stocks, bonds, gold, land and more – that can be liquidated for cash equal to the 20 percent down payment should the borrower default on the loan.

What can be pledged as collateral?

Pledging CollateralObligations of the United States Treasury.Obligations of U.S. government agencies and government sponsored enterprises.Obligations of states or political subdivisions of the U.S.Collateralized mortgage obligations.Asset-backed securities.Corporate bonds.Money market instruments.Residential real estate loans.More items…

What does it mean to use something as collateral?

The term collateral refers to an asset that a lender accepts as security for a loan. … That is, if the borrower defaults on their loan payments, the lender can seize the collateral and sell it to recoup some or all of its losses.

What’s another word for sloth?

In this page you can discover 32 synonyms, antonyms, idiomatic expressions, and related words for sloth, like: lazy, do-nothingism, acedia, animal, lethargy, indolence, torpidity, laziness, apathy, idleness and inaction.

What are collateral requirements?

The term “collateral” refers to any asset or property that a consumer promises to a lender as backup in exchange for a loan. Typically, collateral loan agreements let the lender take over the asset if the borrowers fail to repay the debt according to the contract.