Posts by admin

collateral mistake.See unessential mistake under MISTAKE. [Blacks Law 8th]

collateral matter.Evidence. Any matter on which evidence could not have been introduced for a relevant purpose. • If a witness has erred in testifying about a detail that is collateral to the relevant facts, then another party cannot call witnesses to contradict that point — cross-examination alone must suffice. [Cases: Evidence  99; Wit-nesses  405. C.J.S. Evidence…

collateral loan.See secured loan under LOAN. [Blacks Law 8th]

collateral line.See LINE. [Blacks Law 8th]

collateral limitation.See LIMITATION. [Blacks Law 8th]

collateralize (k<<schwa>>-lat-<<schwa>>r-<<schwa>>l-Iz), vb.1. To serve as collateral for <the purchased property collateralized the loan agreement>.2. To make (a loan) secure with collateral <the creditor insisted that the loan be collateralized>. [Cases: Secured Transactions  1.C.J.S. Secured Transactions §§  3, 7–9,  23,  37.]   —  collateralization (k<< schwa>>-lat-<<schwa>>r-<<schwa>>l-<<schwa>>-zay-sh<<schwa>>n), n. COLLATERALIZED MORTGAGE OBLIGATION collateralized mortgage obligation.Securities. A bond secured…

collateral issue.See ISSUE(1). [Blacks Law 8th]

collateral-inheritance tax.See TAX. [Blacks Law 8th]

collateral heir.See HEIR. [Blacks Law 8th]

collateral fraud.See extrinsic fraud (1) under FRAUD. [Blacks Law 8th]