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col·lat·er·al 1 /kə-'la-tə-rəl, -'la-trəl/ adj1 a: accompanying as a secondary fact, activity, or agency but subordinate to a main considerationb: not directly relevant or materiala collateral evidentiary mattera collateral issue2: belonging to the same ancestral stock but not in a direct line of descent compare lineal3 a: of, relating to, or being collateral used as a security (as for payment of a debt)b: secured by collaterala collateral loancol·lat·er·al·ly adjcollateral 2 n1: a collateral relative2: property pledged by a borrower to protect the interests of the lender in the event of the borrower's default; specif under Article 9 of the Uniform Commercial Code: property subject to a security interest
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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I
(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, collateral source rule, collateral undertaking, collateral warranties
II
(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 irrelevantIII index additional, akin (germane), ancillary (auxiliary), bail, binder, circumstantial, coextensive, concurrent (at the same time), consanguineous, correlative, deposit, down payment, extrinsic, hostage, hypothecation, incident, pendent, peripheral, pledge (security), related, relative (relevant), secondary, security (pledge), similar, subordinate, supplementary
Burton's Legal Thesaurus. William C. Burton. 2006
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n.Something pledged as security for a loan, to be forfeited if the debt is not paid.adj.Beside; parallel; additional. See also lineal
The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
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1. something that is independent of another but relates to the same subject matter, thus, the phrases collateral agreement or collateral guarantee.2. of the same family line although not in the direct descent.
Collins dictionary of law. W. J. Stewart. 2001.
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Property that someone promises or gives to a creditor to guarantee payment of a debt — thus creating what's called a secured debt. If the borrower defaults on the loan, the creditor may seize the property and sell it to cover the debt.Category: Bankruptcy, Foreclosure & DebtCategory: Business, LLCs & CorporationsCategory: Real Estate & Rental Property
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
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Assets pledged by a third party to secure payment by the borrower of a debt. The term is now commonly used to describe assets pledged by the borrower itself.+ collateralUSAProperty of an entity that is subject to a security interest or lien securing payment or performance of an obligation in favor of a secured party. If the entity breaches its obligations to the secured party, the secured party will have rights and remedies with respect to the collateral.
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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1 adj. Secondary; subordinate; supplemental.2 n. Property, including accounts, contract rights, and chattel paper, that is subjected to a security interest in exchange for credit or as security for a debt.3 adj. Indirect; on a parallel or diverging line.@ collateral ascendantA relative, such as an aunt, uncle, or cousin, who has a common ancestor with a person but is not that person's ancestor. Also called collateral.See also ancestor, descendant.@ collateral attackAn attack in a judicial proceeding against another judicial proceeding or a judgment entered in another court. For example, a party in Florida may attack a judgment entered against him by an Alaska court on the grounds that Alaska did not have jurisdiction over him or the underlying cause of action.See also habeas corpus, direct.@- estoppel- collateral heir (heir)@ collateral source ruleIn tort law, the doctrine that any compensation, such as insurance benefits, received by an injured party from a source that is independent of the tortfeasor does not reduce the damages that the tortfeasor is obligated to pay.See also subrogation.@
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
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Related; indirect; not bearing immediately upon an issue. The property pledged or given as a security interest, or a guarantee for payment of a debt, that will be taken or kept by the creditor in case of a default on the original debt.
Dictionary from West's Encyclopedia of American Law. 2005.
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Related; indirect; not bearing immediately upon an issue. The property pledged or given as a security interest, or a guarantee for payment of a debt, that will be taken or kept by the creditor in case of a default on the original debt.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.
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1) n. property pledged to secure a loan or debt, usually funds or personal property as distinguished from real property (but technically collateral can include real estate).2) adj. referring to something that is going on at the same time parallel to the main issue in a lawsuit or controversy which may affect the outcome of the case, such as adoption of a new federal regulation or a criminal trial of one of the parties. Example: John has filed a lawsuit in New Mexico, where he lives, to establish that he is not the father of Betty's child, while Betty has filed for divorce in Colorado asking that John pay child support for the child. The New Mexico paternity suit is collateral to the Colorado divorce action.
Law dictionary. EdwART. 2013.
