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collateral - Dictionary definition and meaning for collateral

COLLATERAL

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WordNet® 3.0, © 2006 by Princeton University.

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    editEdit Mnemonic

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Origin

  • From medieval Latin collateralis, literally “side by side with,” from Latin lateralis “on the side” added by bimal03

Searched 607 times in total


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