Collateral 

A gaming term used when a player kills two or more players with one sniper bullet.

"Dude! I just got a collateral off of (player one) and (player 2), and the other guy was behind the wall!"

Collateral by Midnight67 September 11, 2009

Collateral 

Giving up something of value to you to prove that you give your word to the other person.

Person 1: Yo meet me downtown at 5pm!
Person 2: Alright man ill be there!
Person 1: Yo gimmie your ipod for collateral!

Collateral by xsaxisx October 5, 2006

collateral 

An excellent film by Michael Mann, starring Tom Cruise and Jamie Foxx.

Me: Did you see Collateral on HBO last night?

Some Guy: Hell yeah! Tom Cruise kicked that black guys ass!

Me: (Silence)

collateral by The Fanatic April 13, 2006

collateral 

Giving away something important to you in order to prove that you are serious, only to retrieve after you've kept your word.

Kayla: Wanna come to this party? I swear I wont ditch you this time!
Jarvis: No thanks, you do this everytime!
Kayla: Ill even leave my shirt and belt as collateral.
Jarvis: Duh, Okay!

collateral by Saachaa January 4, 2009

collateral 

The burning stash left behind when one is done taking a hit, the left over burning stash is then consumed by a buddy so that no weed is wasted.

Rahm: Yo, gimme the collateral when you are done taking the weed
John: Yeh, fasho, no need to waste weed.

collateral by retspooL December 23, 2009

collateral 

a bullshit project they make you do at townsend harris high school that kills all your time and is absolutely useless.

Mr. Babstock gave us the stupid collateral to do, its due tomorrow and i haven't started.

collateral by Lizbitch October 19, 2011

collateral 

1. Additional, coinciding, occurring at the same time, secondary.
2. Killed babies

civ. They've bombarded a hospital, and killed a dozen babies.
media A hostile facility was attacked, small collateral damage has been reported.

collateral by Maangras May 23, 2009