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The meaning of collateral is property (such as securities) pledged by a borrower to protect the interests of the lender. If that person defaults, i.e., fails to pay back the money, the lender can seize that item. When offered a high fare for driving to several locations, max agrees but soon finds himself taken hostage by vincent who turns out to be a sociopathic hitman on a contract killing spree
Collateral (2004)
Beattie first conceived the idea for the film when taking a taxicab home from sydney airport. Collateral is something, a possession, that the borrower pledges as security when taking out a new loan Collateral is a valuable asset that a borrower pledges as security for a loan, serving thus as a guarantee for the lender.
Relating to financial collateral (= valuable property owned by someone who wants to borrow money, that they agree will become the property of the company or person who lends the money if the debt is not paid back):
Property or other assets pledged by a borrower as security for the repayment of a loan. See examples of collateral used in a sentence. Property or something valuable that you promise to give to somebody if you cannot pay back money that you borrow We had put our house up as collateral for our bank loan
Definition of collateral noun in oxford advanced learner's dictionary. With tom cruise, jamie foxx, jada pinkett smith, mark ruffalo A cab driver finds himself the hostage of an engaging contract killer as he makes his rounds from hit to hit during one night in los angeles. Collateral synonyms, collateral pronunciation, collateral translation, english dictionary definition of collateral
Situated or running side by side
Collateral is money or property which is used as a guarantee that someone will repay a loan.
