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TeachMeFinance.com - explain collateral collateral -- Property, stocks , bonds , savings accounts, life insurance and current business assets - any or all of which may be held or assumed to insure repayment of a loan. another definition... Collateral -- Property pledged as security for a loan to ensure repayment of a loan. another definition... collateral -- something of value that is pledged as security for a loan. The lender can repossess the collateral if the loan is not repaid. historic definition... Collateral -- A security pledged for the payment of a loan or an obligation. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.