Difference between Collateral and Parallel

What is the difference between Collateral and Parallel?

Collateral as a noun is a security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. (originally supplied as "accompanying" security.) while Parallel as a noun is one of a set of parallel lines.

Collateral

Part of speech: noun

Definition: A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. (Originally supplied as "accompanying" security.) A collateral (not linear) family member. A branch of a bodily part or system of organs

Part of speech: adjective

Definition: parallel, along the same vein, side by side. Corresponding; accompanying, concomitant. being aside from the main subject; tangential, subordinate, ancillary. (family) of an indirect ancestral relationship, as opposed to lineal descendency. relating to a collateral in the sense of an obligation or security

Example sentence: The state has got to be its own master. The modalities of civic life may not be prescribed for it through any power standing outside of that state - be it a private person or be it a community superior, collateral, or subordinate to that state.

Parallel

Part of speech: adjective

Definition: Of two or more (straight) lines, (flat) surfaces etc: Equally distant from one another at all points.parallel to: Of one thing, relative to another: Equally distant from at all points.

Part of speech: adverb

Definition: With a parallel relationship

Part of speech: noun

Definition: One of a set of parallel lines.A line of latitude.An arrangement of electrical components such that a current flows along two or more paths; see in parallel

Part of speech: verb

Definition: To construct something parallel to something else.Of a path etc: To be parallel to something else.Of a process etc: To be analogous to something else.To compare or liken something to something else.

Example sentence: Any real virtual reality enthusiast can look back at VR science fiction. It's not about playing games... 'The Matrix,' 'Snow Crash,' all this fiction was not about sitting in a room playing video games. It's about being in a parallel digital world that exists alongside our own, communicating with other people, playing with other people.

We hope you now know whether to use Collateral or Parallel in your sentence.

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