Collateral security
Collateral Col*lat"er*al, a. [LL. collateralis; col- + lateralis lateral. See {Lateral}.] 1. Coming from, being on, or directed toward, the side; as, collateral pressure. ``Collateral light.'' --Shak. [1913 Webster]

2. Acting in an indirect way. [1913 Webster]

If by direct or by collateral hand They find us touched, we will our kingdom give . . . To you in satisfaction. --Shak. [1913 Webster]

3. Related to, but not strictly a part of, the main thing or matter under consideration; hence, subordinate; not chief or principal; as, collateral interest; collateral issues. [1913 Webster]

That he [Attebury] was altogether in the wrong on the main question, and on all the collateral questions springing out of it, . . . is true. --Macaulay. [1913 Webster]

4. Tending toward the same conclusion or result as something else; additional; as, collateral evidence. [1913 Webster]

Yet the attempt may give Collateral interest to this homely tale. --Wordsworth. [1913 Webster]

5. (Genealogy) Descending from the same stock or ancestor, but not in the same line or branch or one from the other; -- opposed to lineal. [1913 Webster]

Note: Lineal descendants proceed one from another in a direct line; collateral relations spring from a common ancestor, but from different branches of that common stirps or stock. Thus the children of brothers are collateral relations, having different fathers, but a common grandfather. --Blackstone. [1913 Webster]

{Collateral assurance}, that which is made, over and above the deed itself.

{Collateral circulation} (Med. & Physiol.), circulation established through indirect or subordinate branches when the supply through the main vessel is obstructed.

{Collateral issue}. (Law) (a) An issue taken upon a matter aside from the merits of the case. (b) An issue raised by a criminal convict who pleads any matter allowed by law in bar of execution, as pardon, diversity of person, etc. (c) A point raised, on cross-examination, aside from the issue fixed by the pleadings, as to which the answer of the witness, when given, cannot subsequently be contradicted by the party asking the question.

{Collateral security}, security for the performance of covenants, or the payment of money, besides the principal security.

{collateral damage}, (Mil.) damage caused by a military operation, such as a bombing, to objects or persons not themselves the intended target of the attack. [1913 Webster +PJC]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • collateral security — noun An additional and separate security for repayment of money borrowed • • • Main Entry: ↑collateral …   Useful english dictionary

  • collateral security — index binder, deposit, mortgage Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • collateral security — finansinis užstatas statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Pinigai, finansinė priemonė ar kredito reikalavimas, pagal finansinio užtikrinimo susitarimą užtikrinantys užtikrinamojo finansinio įsipareigojimo įvykdymą.… …   Lithuanian dictionary (lietuvių žodynas)

  • collateral security — finansinis įkaitas statusas Aprobuotas sritis kredito ir finansų įstaigos apibrėžtis Įkeistas finansinis turtas (įskaitant pinigus), taip pat pagal atpirkimo arba panašų sandorį perleistas finansinis turtas teisėms ir įsipareigojimams, galintiems …   Lithuanian dictionary (lietuvių žodynas)

  • collateral security — An additional security, in the form of an article of value or an evidence of indebtedness, for the payment of a debt, or the performance of an obligation, whether the debt or obligation be antecedent or newly created, designed to increase the… …   Ballentine's law dictionary

  • collateral security — property pledged as a guarantee …   English contemporary dictionary

  • given as collateral security with agreement — A means of referring in a bill of exchange or promissory note to an extrinsic contract, thereby depriving the bill or note of negotiability. Toledo Scale Co. v Gogo, 186 Mich 442, 152 NW 1046 …   Ballentine's law dictionary

  • security — se·cur·i·ty /si kyu̇r ə tē/ n pl ties 1 a: something (as a mortgage or collateral) that is provided to make certain the fulfillment of an obligation used his property as security for a loan b: surety see also …   Law dictionary

  • collateral — security provided by a borrower to cover the possibility that the loan will not be repaid. Glossary of Business Terms (1) Property that a debtor has pledged, mortgaged, or assigned to a creditor. (2) Securities exchanges in a repo, reverse repo,… …   Financial and business terms

  • Collateral — Col*lat er*al, a. [LL. collateralis; col + lateralis lateral. See {Lateral}.] 1. Coming from, being on, or directed toward, the side; as, collateral pressure. Collateral light. Shak. [1913 Webster] 2. Acting in an indirect way. [1913 Webster] If… …   The Collaborative International Dictionary of English

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