1. past tense of lateral; moved or passed sideways, especially in sports
Usage: sports terminology
2. transferred or reassigned to a position of equal rank or status
Usage: business context

Examples

• The quarterback lateralled the ball to the running back.
• She lateralled the pass just before being tackled.
• The manager was lateralled to a different department.
• He lateralled from marketing to sales at the same level.
• The rugby player lateralled to his teammate on the wing.
• After the merger, several employees were lateralled to new roles.