Warranty vs Collateral - What's the difference?
warranty | collateral | Related terms |
Security; warrant; guarantee.
(obsolete, legal) A covenant real, whereby the granter of an estate of freehold and his heirs were bound to warrant and defend the title, and, in case of eviction by title paramount, to yield other lands of equal value in recompense. This warranty has long since become obsolete, and its place supplied by personal covenants for title. Among these is the covenant of warranty, which runs with the land, and is in the nature of a real covenant.
(legal) An engagement or undertaking, expressed or implied, that a certain fact regarding the subject of a contract is, or shall be, as it is expressly implied or promised to be. In sales of goods by persons in possession, there is an implied warranty of title.
(insurance law) A stipulation or engagement by a party insured, that certain things, relating to the subject of insurance, or affecting the risk, exist, or shall exist, or have been done, or shall be done. These warranties, when expressed, should appear in the policy; but there are certain implied warranties.
(rare) Justifying mandate or precept; authority; warrant. Shakespeare
To warrant; to guarantee.
parallel, along the same vein, side by side.
Corresponding; accompanying, concomitant.
* Wordsworth
Being aside from the main subject; tangential, subordinate, ancillary.
* Macaulay
(family ) of an indirect ancestral relationship, as opposed to lineal descendency.
* 1885 , , The Book of the Thousand Nights and a Night , volume 5,
relating to a collateral in the sense of an obligation or security
expensive to the extent of being paid through a loan
Coming or directed along the side.
* Shakespeare
Acting in an indirect way.
* Shakespeare
A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. (Originally supplied as "accompanying" security.)
A collateral (not linear) family member.
A branch of a bodily part or system of organs
(marketing) printed materials or content of electronic media used to enhance sales of products (short form of collateral material)
A thinner blood vessel providing an alternate route to blood flow in case the main vessel gets occluded.
Warranty is a related term of collateral.
As a noun warranty
is security; warrant; guarantee.As a verb warranty
is to warrant; to guarantee.As an adjective collateral is
collateral.warranty
English
Noun
(warranties)- The stamp was a warranty of the public. -(John Locke).
- If they disobey precept, that is no excuse to us, nor gives us any warranty . . . to disobey likewise. -Kettlewe.
Synonyms
* guarantee * warrantVerb
(en-verb)References
*collateral
English
Adjective
(-)- Yet the attempt may give / Collateral interest to this homely tale.
- Although not a direct cause, the border skirmish was certainly a collateral incitement for the war.
- That he [Atterbury] was altogether in the wrong on the main question, and on all the collateral questions springing out of it, is true.
- ''Uncles, aunts, cousins, nephews and nieces are collateral relatives.
- The pure blood all descends from five collateral lines called Al-Khamsah (the Cinque).
- collateral pressure
- collateral light
- If by direct or by collateral hand / They find us touched, we will our kingdom give / To you in satisfaction.
Derived terms
* collaterality * collaterally * collateral damage * collateral form * collateral material * collateral securityNoun
(wikipedia collateral) (en noun)- ''Besides the arteries blood streams through numerous veins we call collaterals