collateral

IPA(Pronunciation)

/kəˈlætəɹəl/

Noun

countable uncountable archaic

(finance) A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. / (now rare, genealogy) A collateral (not linear) family member.

Japanese Meaning

担保（主にローンの返済が困難な場合に借り手が差し出す資産や保証） / 傍系親族（直系ではない家族関係、特に家系図上で非直系の親族を指す場合がある）

What is this buttons?

The bank required additional collateral before approving the loan extension.

Google Translation / DeepL Translation

銀行はローンの延長を承認する前に、追加の担保を求めた。

Details

Sense（1）

The decline in the quality of eligible collateral is a grave problem. The ECB is now buying corporate bonds that are close to junk, and the haircuts can barely deal with a one-notch credit downgrade. The reputational risk of such actions by a central bank would have been unthinkable in the past.

Google Translation / DeepL Translation