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The phrase "as collateral for" is correct and usable in written English.
It is typically used in financial or legal contexts to indicate that something is being used as security for a loan or obligation.
Example: "The company offered its assets as collateral for the loan to secure the necessary funding."
Alternatives: "as security for" or "as a guarantee for".
Exact(60)
Many different things can serve as collateral for a loan.
§ 201.108 Obligations eligible as collateral for advances.
Union Bank as collateral for Union loan.
Obligations eligible as collateral for advances.
12 CFR § 201.108 - Obligations eligible as collateral for advances.
The shares had been pledged as collateral for a loan.
Workers often used their houses as collateral for loans.
They cannot use them as collateral for a loan.
Homes morphed into automatic teller machines, as baby boomers used them as collateral for additional loans.
§ 166.223 Can I use a permit as collateral for a loan?
§ 1434.16 Release of the honey pledged as collateral for a MAL.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com