Math Definitions - Letter C
Chapters
Collateral
Definition of Collateral
Collateral is a piece of property that a borrower promises to give to a lender if they are unable to pay back a loan.
For example, you might borrow \(\$3,000\) and use your boat as collateral. The lender is able to take the boat if you don't pay back the loan according to the terms that you have both agreed on.
Description
The aim of this dictionary is to provide definitions to common mathematical terms. Students learn a new math skill every week at school, sometimes just before they start a new skill, if they want to look at what a specific term means, this is where this dictionary will become handy and a go-to guide for a student.
Audience
Year 1 to Year 12 students
Learning Objectives
Learn common math terms starting with letter C
Author: Subject Coach
Added on: 6th Feb 2018
You must be logged in as Student to ask a Question.
None just yet!