1. assets pledged as security for repayment of a loan
Usage: finance; banking
2. relatives who are not direct ancestors or descendants
Usage: genealogy

Examples

• The bank required additional collaterals before approving the business loan.
• His house and car served as collaterals for the mortgage.
• The company’s equipment was used as collaterals to secure funding.
• She traced her family tree to include distant collaterals like great-aunts and cousins.
• The inheritance was divided among direct heirs and collaterals.
• Banks often accept real estate as collaterals for large loans.