collateral etymology

Etymology

The word "collateral" is derived from the Latin word "collateralis," which means "side by side." It is ultimately derived from the Latin prefix "con-," meaning "with," and the word "lateralis," meaning "side."

Meaning

In its broadest sense, "collateral" means "accompanying" or "supplementary." It can be used in a variety of contexts, but it is most commonly used in the following two senses:

1. Security for a loan: Collateral is an asset that is pledged as security for a loan. If the borrower defaults on the loan, the lender can seize and sell the collateral to recover the amount of the loan.
2. Related: Collateral can also mean "related" or "associated." For example, a collateral ancestor is an ancestor who is descended from the same common ancestor as the person in question, but through a different line of descent.

Origin

The word "collateral" was first used in English in the 15th century. It is derived from the Latin word "collateralis," which was used in classical Latin to mean "side by side." The Latin word is ultimately derived from the prefix "con-," meaning "with," and the word "lateralis," meaning "side."

Examples

• A house can be used as collateral for a mortgage loan.
• A car can be used as collateral for a car loan.
• A bond can be used as collateral for a loan from a brokerage firm.
• A cousin is a collateral relative.

collateral relate terms

• consequent

  Etymology Late Middle English from Latin consequens present participle of consequi f

• concomitant

  Etymology From Late Latin concomitans present participle of concomitari to accompany

• incidental

  Etymology In prefix meaning in into or within Cident root from Lati

• interpellation

  Etymology Interpellation is derived from the Latin word interpellare which means to

• persiflage

  Etymology From French persiflage from persifler to mock ridicule of uncertain orig

• mange

  Etymology The word mange traces its origins to the Old English term manges meaning

• adage

  Etymology The word adage is derived from the Old French word adage which in turn com

• guaranty

  Etymology The word guaranty comes from the Old French word garantie which in turn co

• guarantee

  Etymology The word guarantee comes from the Old French word garantie which in turn

• corroborate

  Etymology Latin corrobōrāre con together with roborāre to strengthen