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collateral
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collateral
as in:  collateral for a loan


The bank wouldn’t lend them money because they didn’t have anything to pledge as collateral.
  something of value pledged for the repayment of a loan
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Notes:
Collateral has many reasonably common, but highly diverse senses. Accordingly, it is generally recommended that you just learn the sense (or senses) that currently interest you.
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Samples:
  • The bank wouldn’t lend them money because they didn’t have anything to pledge as collateral.
  • They pledged their home as collateral.
  • And he knew that the banks did not want his collateral which they held.
    London, Jack  --  Burning Daylight
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Associated words [difficulty]:   collateral [5]
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Most commonly used in these subjects:   Personal Finance, Sports, Law
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