Outrageously Funny Word Dictionary :: Collaterally

👉 The term "collaterally" refers to a situation where two or more parties are involved in a transaction, often related to debt. In this context, it could refer to a situation where one party (the lender) lends money to another party (the borrower), and the borrower is then responsible for repaying the loan back to the lender. This relationship can be characterized by various factors such as interest rates, repayment terms, and other financial obligations.

collaterally