IPA: /kəˌlætəˈrælɪti/
KK: /kəˌlætəˈrælɪti/
The condition of being secondary or additional to something else, often used in contexts like finance or law.
The collaterality of the loan agreement ensured that the bank had additional security.
Collaterality → It is formed from "collateralis" (from Latin, meaning side by side) and the suffix "-ity" (meaning the state or condition of). The word "collaterality" refers to the state of being side by side or related in a parallel manner.
Think of things that are 'side by side' ('collateralis') to remember that 'collaterality' refers to the condition of being related or parallel.