GRE Word List

COLLATERAL

property (such as securities) pledged by a borrower to protect the interests of the lender

The meaning of the word collateral is property (such as securities) pledged by a borrower to protect the interests of the lender.

Random words

WordMeaning
gildto overlay with or as if with a thin covering of gold
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magistratean official entrusted with administration of the laws: such as
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juncturea point of time
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