Online Encyclopedia

COLLATERAL (from Med. Lat. collateral...

Online Encyclopedia
Originally appearing in Volume V06, Page 685 of the 1911 Encyclopedia Britannica.
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COLLATERAL (from Med.
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Lat. collateralis,—cum, with, and latus, lateris, side,—side by side, hence parallel or additional)
  , a
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term used in law in several senses . Collateral relationship means the relationship between persons who are descended from the same stock or ancestor, but in a different
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line; as opposed to lineal, which is the relationship between ascendants and descendants in a
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direct line, as between
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father and son, grandfather and grandson . A collateral agreement is an agreement made contemporaneously with a written contract as
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part of the transaction, but without being incorporated with it . Collateral facts, in evidence, are those facts which do not bear directly on the matters in dispute . Collateral security is an additional security for the better safety of the mortgagee, i.e.
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property or right of
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action deposited to secure the fulfilment of an
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obligation .

End of Article: COLLATERAL (from Med. Lat. collateralis,—cum, with, and latus, lateris, side,—side by side, hence parallel or additional)
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