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collateral guarantee
[/kəˈlætərəl ɡærənˈtiː/]
noun
pl: collateral guarantees
garantia colateral
1.
A security or pledge of personal property offered to a lender as assurance for repayment of a loan
The bank required a collateral guarantee before approving the mortgage.
O banco exigiu uma garantia colateral antes de aprovar a hipoteca.
2.
An additional guarantee or security provided alongside a primary guarantee to reduce lender risk
The company offered real estate as a collateral guarantee for the business loan.
A empresa ofereceu imóvel como garantia colateral para o empréstimo comercial.
Synonyms
security
pledge
collateral
security deposit
guarantee
warranty
Antonyms
unsecured loan
unsecured guarantee
Regional Variations
General Brazilian
garantia colateral
Most common usage in banking and finance contexts
São Paulo
garantia colateral / penhor
Penhor used in commercial transactions
Portugal
garantia colateral / caução
Caução often used in Portuguese legal and financial contexts
Related Idioms & Phrases
put up collateral
collateral damage
back with collateral
secured by collateral
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