collateral


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Related to collateral: Collateral security

Collateral

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.

That which is collateral is not of the essence. Collateral facts are facts that are not independently provable from, and that are not directly relevant to, issues in a Cause of Action. Collateral heirs are those individuals who are not directly related to the deceased through consanguinity. Similarly, collateral ancestors are uncles and aunts, as contrasted with direct ancestors, such as parents and grandparents.

collateral

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.

collateral

(Accompanying), adjective accessory, additional, affiliated, ancillary, appertaining, associated, auxiliary, belonging, closely related, concomitant, 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, collattral promise, collateral source rule, collateral undertaking, collateral warranties

collateral

(Immaterial), adjective being of no imporrance, extraneous, impertinent, inapplicable, inappropriate, incidental, inconsequential, indifferent, insignificant, irrelevant, meaningless, minor, negligible, nugatory, of little moment, peripheral, secondary, 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 rellvat.It is useless to prove that which when proved is irrellvant.
See also: additional, akin, ancillary, bail, binder, circumstantial, coextensive, concurrent, consanguineous, correlative, deposit, extrinsic, germane, hostage, hypothecation, incident, pendent, peripheral, pledge, related, relative, relevant, secondary, security, similar, subordinate, supplementary

collateral

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.

COLLATERAL, collateralis. From latus, a side; that which is sideways, and not direct.

HEIR, COLLATERAL. A collateral heir is one who is not of the direct line of the deceased, but comes from a collateral line; as, a brother, sister, an uncle and aunt, a nephew, niece, or cousin of the deceased.

References in periodicals archive ?
Another key feature of the Collateral Universe will be the new Collateral Aggregator, a leading-edge platform that offers clients a consolidated and highly transparent view of all their available collateral, and all their collateral positions and related activities, held with BNY Mellon.
SunGard s Ambit Core Banking suite also offers collateral management capabilities.
But whatever the NAIC decides to do or not to do, when one listens to reinsurance business leaders talk about the collateral issue, one thing is apparent: The debate will continue until a universal set of global regulatory standards is in place.
A preoperative angiogram would demonstrate patency of the lingual arteries and the presence of external carotid artery collateral circulation if one lingual artery had been ligated.
Because of the obvious incongruity between promising (and charging for) a high-quality lifestyle and making that promise via low-quality collaterals.
Because reserve balances, unlike currency, do not have to be collateralized, they serve as a source of excess collateral for currency.
He and O'Leary stress that the mechanism behind the Slit fragment's ability to enhance collateral branching remains unclear.
If the agreements are terminated before the employee's death, the trust must reimburse the employer before the collateral will be returned to the trust.
Risk managers in the mortgage industry are beginning to realize the power that the Veros Collateral Integrity Analysis product offers.
KnowledgeTree's solution for sales and marketing teams manages the collateral lifecycle, surfacing perfect content in the right sales context to win deals, while providing insight so materials are constantly improved.
While such a scheme would allow an easing of the requirement for nonadmitted reinsurers to post 100% collateral for reinsurance business written in the United States.
If you have an eligible portfolio that may be used as collateral for a loan, you may be able to access liquidity without immediately liquidating securities and still maintain your portfolio's current exposure to the market.