collateralnoun
She used her house as collateral for a loan.
The company used the fictitious revenue as collateral for bank credits.
Thieves sometimes try to use stolen artworks as collateral for other underworld deals.
The company has £6 billion in assets that could be used as collateral for loans if necessary.
Poor people don't usually have assets to put up as collateral for loans.
His friends put up their houses as collateral for a $1 million bond.
He put his farm up as collateral.

SMART Vocabulary: related words and phrases

Borrowing & lending
amortizable
amortization
amortize
bond measure
bond referendum
bonded
bridging loan
credit limit
debt
get behind
hole
loan
microcredit
microloan
non-current
non-interest
non-prime
outstanding
usury
write something off