approve as collateral

USAGE SUMMARY

The phrase "approve as collateral" is correct and usable in written English.
It can be used in financial or legal contexts when referring to the acceptance of an asset as security for a loan or obligation. Example: "The bank will approve the property as collateral for the loan application."

✓ Grammatically correct

News & Media

Academia

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

Innovation and intangible assets must become as attractive as collateral as bricks and mortar.

The Guardian - Business

Would they be approved as renters?

The New York Times

The ECB has approved the use of a security issued by Macquarie as collateral.

The Economist

The people-as-collateral.

The New York Times

As part of the deal, Funding Circle is buying LeapPay's technology — both the underwriting technology that will help Funding Circle vet and ultimately approve businesses and potential backers; and tech that can be used to extend loans with invoices as collateral.

TechCrunch

As part of the deal, Funding Circle is buying LeapPay's technology — both the underwriting technology that will help Funding Circle vet and ultimately approve businesses and potential backers; and tech that can be used to extend loans with invoices as collateral.

TechCrunch

The deal has not been approved because all of Spron's deposits have been transferred to Kaupthing and its assets pledged as collateral, according to Gylfi Magnusson, the minister of business affairs.

The New York Times

BERLIN -- The German government on Monday approved its share of a huge bailout, and the European Central Bank said it would accept Greek bonds as collateral for loans regardless of any future downgrades.

The New York Times

The plan Congress is likely to approve would allow the insurers to borrow about $15 billion, using the assets of the 12 regional Federal Home Loan Banks as collateral.

The New York Times

He described her case as "collateral damage".

Independent

Culture is not hit as collateral damage.

The New York Times

Expert writing Tips

Best practice

When using "approve as collateral", ensure that the subject approving has the authority to do so, such as a bank or financial institution.

Common error

Avoid using "approve as collateral" when referring to someone who does not have the legal or institutional power to formally accept an asset as security.

Linguistic Context

The phrase "approve as collateral" functions as a verb phrase, specifically indicating the action of formally accepting something as security for a loan or other obligation. Ludwig AI examples show its usage in financial and legal discussions.

Expression frequency: Missing

Frequent in

News & Media

34%

Academia

33%

Formal & Business

33%

Less common in

Wiki

0%

Encyclopedias

0%

Science

0%

Ludwig's WRAP-UP

In summary, "approve as collateral" is a grammatically correct verb phrase used to describe the formal acceptance of an asset as security, according to Ludwig AI. While examples are limited, Ludwig AI also suggests it is most common in professional or neutral contexts, particularly in the fields of finance and law. Alternative phrases include "accept as security" and "authorize as collateral". When employing this phrase, ensure that the approving entity possesses the necessary authority to accept assets as collateral.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

accept as security

Replaces "collateral" with "security", emphasizing the asset's role in securing the loan.

authorize as collateral

Substitutes "approve" with "authorize", focusing on the official permission aspect.

endorse as collateral

Uses "endorse" to highlight the formal support of the asset as collateral.

validate as collateral

Emphasizes the verification and confirmation of the asset's suitability as collateral.

ratify as collateral

Implies a formal agreement and confirmation of the asset as collateral.

deem acceptable as collateral

Adds specificity by explicitly stating that something is considered acceptable for use as collateral.

recognize as eligible collateral

Focuses on the recognition of the asset meeting the criteria to be used as collateral.

sign off on as collateral

Replaces approve with a more informal "sign off on", indicating agreement.

ok as collateral

Uses the abbreviation "ok" for approve making it colloquial.

sanction as security

Substitutes both "approve" and "collateral" with "sanction" and "security" respectively.

FAQs

How can I use "approve as collateral" in a sentence?

You can use "approve as collateral" to indicate that an entity, such as a bank, has accepted an asset as security for a loan. For example, "The bank will approve the property as collateral for the loan application."

What are some alternatives to "approve as collateral"?

Some alternatives include "accept as security", "authorize as collateral", or "endorse as collateral".

What is the difference between "approve as collateral" and "accept as collateral"?

"Approve as collateral" implies a formal validation or endorsement, while "accept as collateral" simply means to take something as security. "Approve as collateral" may carry more weight in legal or financial contexts.

In what situations is it appropriate to use the phrase "approve as collateral"?

This phrase is suitable in formal contexts such as legal agreements, banking transactions, and financial reports when discussing the acceptance of assets as security for obligations.