Legal Definition and Related Resources of Collateral
Meaning of Collateral
Situated, running side by side, parallel , co-ordinate, corresponding, additional to the obligations of a contract or the like. Also secondary , subordinate , related to main matter and consideration but not strictly a part thereof. See James Emp. credit union v Hawley, 87 N. W.2d299, 2 Wis.2d490; Also see Smith v Landsden370 S. W.2d 557, 212 Tenn. 543.
Collateral Alternative Definition
(Lat. con, with, latus, the side). That which is by the side, and not the direct line; that which is additional to or beyond a thing.
Financial Definition of Collateral
Assets than can be repossessed if a borrower defaults.
Legal Definition of Collateral
Securities or other property pledged by a borrower to secure repayment of a loan.
Synonyms of Collateral
(Accompanying), adjective
- accessory
- additional
- affiliated
- ancillary
- appertaining
- associated
- attendant
- auxiliary
- belonging
- closely related
- concomitant
- concurrent
- conjoined
- connected
- correlated
- correspondent
- corresponding
- coupled with
- entwined
- interrelated
- parallel
- related
- simultaneous
- supplemental
- supplementary Associated Concepts: collateral action
- collateral agreement
- collateral attack
- collateral contract
- collateral estoppel
- collateral note
- collateral powers
- collateral proceeding
- collateral promise
- collateralsource rule
- collateral undertaking
- collateral warranties
(Immaterial), adjective
- being of no importance
- extraneous
- impertinent
- inapplicable
- inappropriate
- incidental
- inconsequential
- indifferent
- insignificant
- insubstantial
- irrelevant
- meaningless
- minor
- negligible
- nonessential
- nugatory
- of little moment
- peripheral
- secondary
- trifling
- trivial
- unconnected
- unessential
- unimportant Associated Concepts: collateral evidence
- collateral facts
- collateral fraud
- collateral impeachment
- collateral inquiry
- collateral issue
- collateral matter
- collateral question
- collateral testimony foreign phrases: Frustra probatur quod probatum non relevat
- It is useless to prove that which when proved is irrelevant
Related Entries of Collateral in the Encyclopedia of Law Project
Browse or run a search for Collateral in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Collateral in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Collateral in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Collateral in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Abuse Of Process, Affinity, Amount In Controversy, Collateral Heirs, Collateral Matter, Collateral Mortgage, Collateral Order Doctrine, Collateral Security, Collateral Source Rule, Covenant, , Guarantee, Garranty, Guaranty, Habeas Corpus, Incorporeal Hereditament, Malicious Abuse Of Process, Margin, Margin Account, Natural Heir, Representation, Res Gesteae, Surety, Tithes, Totten Trust.
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| Resource | Description |
|---|---|
| Collateral in the Dictionary | Collateral in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Collateral |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Collateral in the World Encyclopedia of Law |
Notice
This definition of Collateral is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
Vocabularies (Semantic Web Information)
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| Topic Tree | A topic display format, showing the hierarchy |
| Sitemap Index | Sitemap Index, including Taxonomies |
| https://legaldictionary.lawin.org/collateral/ | The URI of Collateral (more about URIs) |
English Legal System: Collateral
In the context of the English law, A Dictionary of Law provides the following legal concept of Collateral : 1. adj. Describing the relationship between people who share a common ancestor but are descended from him through different lines of descent.
See also consanguinity.
2. adj. Ancillary; subordinate but connected to the main subject, etc.
3. n.
Security that is additional to the main security for a debt (or an advantage to the mortgagee that is additional to the payment of interest). For example, a lender may require as collateral the assignment of an insurance policy in addition to the principal security of a mortgage on the borrower’s home.
Collateral Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Collateral in a way that is easy for anybody to understand: ASSET provided to a CREDITOR as security for a loan.
Concept of Collateral in the context of Real Property
A short definition of Collateral: By or at the side, additional or auxiliary. Mistakenly used to mean collateral security.
Concept of Collateral in the context of Real Property
A short definition of Collateral: By or at the side, additional or auxiliary. Mistakenly used to mean collateral security.
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