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 ?
SunGard s Ambit Core Banking suite also offers collateral management capabilities.
What do ceding companies gain by diminished collateral supporting legitimate claims;' said Bill Boyd of the National Association of Mutual Insurance Companies.
For a full discussion of the risks associated with borrowing using securities as collateral, please review the Loan Disclosure Statement that will be included in your application package.
If collateral has been foreclosed or in-substance foreclosed, how such assets should be reported--in particular, whether discounting should be used in determining their value.
Finally, CIA goes beyond any other tool used to detect fraud and risk by both investigating historical data and by factoring in a collateral valuation forecast for the next 12 months.
The requirement that unauthorized insurers provide funds in trust or other collateral equal to 100% of their gross actuarially estimated liabilities to U.
As a practical matter, even if the lender retains the collateral, the obvious next step is to sell the collateral so that the lender can apply the proceeds against the sums owed under the loan agreement.
As of the cut-off date, the collateral for series 2004-R3 had a weighted average original loan-to-value (OLTV) of 79.
which is wholly-owned by RAIT) serve as collateral for the CDO notes and consisted primarily of first mortgage bridge loans, mezzanine loans and unconsolidated real estate interests.
Before ARC, Potteiger was senior vice president and chief appraiser for Washington Mutual Bank, where she designed and implemented an Internet-based collateral valuation management system, developed and implemented AVM testing procedures, vigorously pursued and implemented AVM cascade strategies, and maintained collateral risk and appraisal policies and procedures for the bank.
Veros introduces Collateral Integrity Analysis, the most accurate predictive indicator of mortgage fraud and market risk available in the industry.
0, a Collateral Management Solution, to deliver unprecedented full-service capabilities to the lending industry.