collateral - Hutchinson encyclopedia article about collateral Printer Friendly
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collateral

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.

collateral

Security available in return for a loan (for example, stocks, shares, property, or life insurance policies). It may be seized by a lender to recover the value of a loan if the borrower defaults.



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? Mentioned in ? References in classic literature
 
And he knew that the banks did not want his collateral which they held.
I have, therefore, availed myself occasionally of collateral lights supplied by the published journals of other travellers who have visited the scenes described: such as Messrs.
Though, consumed with the hot fire of his purpose, Ahab in all his thoughts and actions ever had in view the ultimate capture of Moby Dick; though he seemed ready to sacrifice all mortal interests to that one passion; nevertheless it may have been that he was by nature and long habituation far too wedded to a fiery whaleman's ways, altogether to abandon the collateral prosecution of the voyage.
 
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