Spell Bee Word: collateral

Basic Details

Word: Collateral

Part of Speech: Noun

Meaning: Something valuable that is given as security for a loan, which can be taken if you cannot repay the loan.

Synonyms: Security, pledge, assurance

Antonyms: Liability, debt

Idioms and Phrases

  1. Collateral damage: Unintentional damage or casualties that occur as a result of an action. Example: "The project had some collateral damage, losing a few key clients during the transition."
  2. Put up collateral: To provide something valuable as security for a loan. Example: "To secure the loan, she had to put up her car as collateral."

Usage Examples

Example 1: The bank required collateral before approving the loan for the new business.

Example 2: He offered his house as collateral to ensure he could borrow the money he needed.

Example 3: When taking out a mortgage, it is common to use the property as collateral for the loan.

Fun Fact

The word "collateral" comes from the Latin word "collateralis," which means "lying together." This reflects the idea that collateral serves as a "together" or accompanying security when borrowing money.

Famous Quote

"A loan is a collateral that must be protected, for it bears the weight of trust." Anonymous

Multiple Choice Questions (MCQs)

1. What does "collateral" mean?

a) Something to eat
b) A valuable security for a loan
c) A type of animal
d) A kind of clothing

Answer: b) A valuable security for a loan

2. Which of these is a synonym of "collateral"?

a) Debt
b) Liability
c) Security
d) Risk

Answer: c) Security

3. What is the opposite of "collateral"?

a) Pledge
b) Liability
c) Assurance
d) Guarantee

Answer: b) Liability

4. Which sentence uses "collateral" correctly?

a) The collateral played outside during the sunny day.
b) He used his savings as collateral to buy a car.
c) She enjoys eating collateral for breakfast.
d) Collateral can fly very high in the sky.

Answer: b) He used his savings as collateral to buy a car.

5. What does the idiom "put up collateral" mean?

a) To donate money to a cause
b) To provide security for a loan
c) To offer a service in return
d) To lose something valuable

Answer: b) To provide security for a loan

Associated Words

How to participate in CREST International Spell Bee

The CREST International Spell Bee (CSB) is conducted in two editions – CREST International Spell Bee - Summer (CSB) and CREST International Spell Bee - Winter (CSBW) – giving students across the globe an opportunity to showcase and enhance their spelling proficiency. Designed for young learners from Grades 1 to 8, the competition focuses on word-building, pronunciation, and vocabulary enrichment, helping students develop strong linguistic skills.

Steps to Participate:

Step 1: Visit the registration page and complete the registration with your desired subject.

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Step 4: Schedule your exam date and preferred time.

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