COLLATERAL

(noun) a security pledged for the repayment of a loan
They put up their home as collateral. -added by naila_inlas
(adj.) descended from a common ancestor but through different lines
"cousins are collateral relatives", "an indirect descendant of the Stuarts"
synonyms : indirect
(adj.) situated or running side by side
"collateral ridges of mountains"
She could see collateral ridges of mountains from her car. -added by naila_inlas
(adj.) accompany, concomitant
"collateral target damage from a bombing run"
War causes a lot of collateral damage. -added by naila_inlas
(adj.) serving to support or corroborate
"collateral evidence"
synonyms : confirmative , confirmatory , confirming , corroborative , corroboratory , substantiating , substantiative , validating , validatory , verificatory , verifying
Some new collateral evidence was introduced by the prosecutor. -added by naila_inlas

Mnemonics for collateral

(Tag: ) When you give a loan to someone and he doesnot return the money what will you do??? You'll call him repeatedly but he will say "CALL LATER". To avoid this scene, you will take some kind of security such as property, jewellery...
added by rhythmdivine2k3 Edit Mnemonic

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(Tag: ) REMEMBER THE MOVIE COLLATERAL DAMAGE... damages are caused if security is not proper.... so easily remember.. its security given for loan...
added by ajaysachin Edit Mnemonic

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(Tag: ) colateral - a house or a jewel is lateral to the loan and hence a co-lateral. If you are late in paying loans, then you have to pay with the co-late-ral
added by shalnew Edit Mnemonic

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