Friend Collateral 

"Borrowing" someones possesions at a sleepover or get-together and then keeping the item for a long period of time in hopes to remain friends with the group the item was "borrowed" from.

Jake is holding Henry's Zelda: Twighlight Princess for randsom in hopes to remain friends with the group, talk about friend collateral.

Friend Collateral by Robert Segrin January 4, 2008

Friend Collateral 

"Borrowing" a persons possession during a get together or sleepover, and then holding it randsom so they still remain friends with said "borrower".

Henry: "Hey Jake could I have my Zelda:Twilight Princess back, I think I left it at your house last week".
Jake: "Sure, I'll bring it in tommorow"
3 weeks later......
Henry: "Hey thanks,Mike, for selling me your Zelda:Twilight Princess for 20 bucks".
Jake: "Wait, you wanted that back? Why didn't you ask"?
Henry: "..............damn friend collateral"

Friend Collateral by Robdar102 January 1, 2008

friend collateral 

"Borrowing" someones possesions at a sleepover or get-together and then keeping the item for a long period of time in hopes to remain friends with the group the item was "borrowed" from.

Jake is holding Henry's Zelda: Twighlight Princess for randsom in hopes to remain friends with the group, talk about friend collateral

friend collateral by Robert Segrin January 4, 2008

collateral friend

Someone all your friends like so you act like you like them too even though you'd never hang out with just them. A friend of a friend who you feel obliged to invite to group gatherings so as not to offend your actual friends. Includes friend's significant others.

Yeah honey, I've invited Jerry, Dave and George, guess we better invite our collateral friend too. What's Steve's number again?

collateral friend by Aylusia October 23, 2017

Collateral Fiend 

a fiend that needs to get high, but may have no money, although owes collateral just to get a quick buzz.

Harry: Yo Dawg, I will let you borrow my broken watch, my cassette tape player and my last loaf of bread so I can get some rock!
Pusherman:damn you Collateral Fiend, gimme your bread and some stuff to make a sandwich and you got a deal!
Harry: sounds good, I'll be right back!

Collateral Fiend by Ya Boy Trax August 25, 2010