collateral

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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 ?
54) Thus, a party may collaterally attack territorial jurisdiction or notice only if the party never appeared at all--even by special appearance--in the prior proceeding.
1988) (concluding a defendant can collaterally attack guilty plea based on claimed Brady violation); Miller v.
There seemed no fluke, though, about the performance of Dubai Golden Shaheen winner Kinsale King, with the form boosted collaterally through Al Quoz Sprint winner Joy And Fun (120).
Premiums and proceeds were split between the decedent and the insured's employer, to whom the policy had been collaterally assigned.
This regime applies when the employee owns the contract and collaterally assigns the policy cash values to the employer in order to secure repayment of the employer's premium advances (known as collateral assignment split-dollar).
Before touching on the merits, therefore, it is vital that your counsel collaterally attack any and all shortcomings in the witness's qualifications.
The irrevocable trust is drafted for the benefit of the second family and the policy cash values are collaterally assigned to the first family.
They argued that there has already been a judicial finding in the criminal proceeding that the damage from the explosion was caused by Feingold's negligent conduct, and Feingold was therefore collaterally estopped from claiming otherwise in this action.
Because this type of administrative decision is a tribunal-style determination, the disciplined employee is not free to collaterally attack the decision by (in Mr.
At the moment collaterally supported agreements are governed by the laws of the 15 EU Member States.
Specifically, a controlled corporation's interest can be viewed as either a secured creditor with limited policy rights collaterally assigned or, more conservatively, as an unsecured creditor.