What does collateral mean?
An asset or property that a borrower offers to a lender as security for securing a loan.
Example: "She used her house as collateral to secure a business loan from the bank."
What happens to my collateral if I cannot pay back my personal loan?
If you default on your loan payments, the lender has the legal right to seize and sell your collateral to recover the outstanding balance.
What does collateral mean in Urdu?
collateral meaning in Urdu is گروی (girwi) — Refers to an asset pledged as security for repayment of a loan.
What does collateral mean in Arabic?
collateral meaning in Arabic is ضمان — Used in Islamic and conventional banking to describe assets pledged for security.
What does collateral mean in Persian?
collateral meaning in Persian is وثیقه — Refers to a property or asset pledged to secure a legal or financial obligation.
What does collateral mean in Hindi?
collateral meaning in Hindi is संपार्श्विक — A formal financial term in Hindi referring to pledged security.
What does collateral mean in Turkish?
collateral meaning in Turkish is teminat — Used in Turkish banking to represent security or deposit for a loan.
What does collateral mean in Bangla?
collateral meaning in Bangla is জামানত — Refers to assets or cash pledged as security for a loan in Bangladesh.
What does collateral mean in Nepali?
collateral meaning in Nepali is धितो — Used extensively in Nepali banking when pledging land or property for a loan.
What is a synonym for collateral?
Common synonyms for collateral include security, guarantee, pledge and asset.
Browse more money and banking words in the Rehbaro Dictionary, or return to the full dictionary.
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