COLLATERALIZE

collateralize

(verb) pledge as a collateral; “The loan was collateralized by government bonds”

Source: WordNet® 3.1


Etymology

Verb

collateralize (third-person singular simple present collateralizes, present participle collateralizing, simple past and past participle collateralized)

To secure a loan or other contract by using collateral.

To pledge assets as collateral.

Source: Wiktionary



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Word of the Day

30 September 2024

IMPULSIVE

(adjective) without forethought; “letting him borrow her car was an impulsive act that she immediately regretted”


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