When you give a loan to someone and he doesnot return the money what will you do??? You'll call him repeatedly but he will say "CALL LATER".
To avoid this scene, you will take some kind of security such as property, jewellery...
REMEMBER THE MOVIE COLLATERAL DAMAGE... damages are caused if security is not proper.... so easily remember.. its security given for loan...
colateral - a house or a jewel is lateral to the loan and hence a co-lateral. If you are late in paying loans, then you have to pay with the co-late-ral
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