different between surety vs collateral

English

Etymology

From Middle English surete, attested since the early 1300s in the sense "guarantee, promise, pledge, assurance", from Anglo-Norman seurté/Old French seurté with the same meaning (whence modern French sûreté), from Latin s?c?rit?s. Equivalent to sure +? -ty. The senses "security, safety, stability" and "certainy" are attested since the late 1300s. "One who undertakes to pay if another does not" is from the early 1400s. Doublet of security.

Pronunciation

• (Received Pronunciation) IPA^(key): /??????ti/, /??????ti/
• (General American) IPA^(key): /?????ti/, /??????ti/

Noun

surety (countable and uncountable, plural sureties)

1. Certainty.

   • Know of a surety, that thy seed shall be a stranger in a land that is not theirs.

   • For the more surety they looked round about.

2. That which makes sure; that which confirms; ground of confidence or security.
3. (law) A promise to pay a sum of money in the event that another person fails to fulfill an obligation.
4. (law) One who undertakes to pay money or perform other acts in the event that his principal fails therein.
5. A substitute; a hostage.
6. Evidence; confirmation; warrant.

Translations

See also

• guarantor
• surcharge
• surcharged
• indorsement

Anagrams

• Steury, tuyers

English

Etymology

Recorded since c.1378, from Old French, from Medieval Latin collater?lis, from Latin col- (“together with”) (a form of con-) + the stem of latus (“side”).

Pronunciation

• IPA^(key): /k??læt???l/
• Rhymes: -æt???l

Adjective

collateral (not comparable)

1. Parallel, along the same vein, side by side.
2. Corresponding; accompanying, concomitant.
   • 1814, William Wordsworth, The Excursion

     Yet the attempt may give
     Collateral interest to this homely tale.

3. Being aside from the main subject, target, or goal.

   Synonyms: tangential, subordinate, ancillary
4. (genealogy) Of an indirect ancestral relationship, as opposed to lineal descendency.
5. (finance) Relating to a collateral in the sense of an obligation or security.
6. (finance) Expensive to the extent of being paid through a loan.
7. Coming or directed along the side.

8. Acting in an indirect way.
9. (biology, of a vascular bundle) Having the phloem and xylem adjacent.

Derived terms

Related terms

• lateral

Translations

Noun

collateral (countable and uncountable, plural collaterals)

1. (finance) A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.

   Synonym: pledge
2. (now rare, genealogy) A collateral (not linear) family member.
3. (anatomy) A branch of a bodily part or system of organs.

4. (marketing) Printed materials or content of electronic media used to enhance sales of products (short form of collateral material).
5. (anatomy) A thinner blood vessel providing an alternate route to blood flow in case the main vessel becomes occluded.
6. (archaic) A contemporary or rival.

Derived terms

• marketing collateral

Related terms

• lateral

Translations

See also

• mortgage

Further reading

• collateral on Wikipedia.Wikipedia
• collateral (finance) on Wikipedia.Wikipedia
• marketing collateral on Wikipedia.Wikipedia