Korean word

담보

Pronunciation

Romanizationtambo

Meaning

  • nouncollateral

Example

담보가 없으면 대출이 나오지 않습니다.tam bo ga eop sseu myeon tae chu ri na o ji an sseum ni da

You can't get a loan without collateral.

Illustration for 담보 (collateral)

More examples

차를 담보로 맡기고 돈을 빌렸어요.cha reul tam bo ro mat kki go to neul pil lyeo sseo yo

I borrowed money using my car as collateral.

Core concept

An asset or legal right that stands behind a borrower's promise to repay.

Common phrases

  • 담보 대출tam bo tae chul

    collateral-backed loan

  • 담보로tam bo ro

    as collateral

  • 담보로 잡다tam bo ro chap tta

    take as collateral

Similar words

보증pojeung: A promise to take responsibility for another person's debt or duty if needed.
저당cheodang: An arrangement that uses property as security for a debt, especially a home or other valuable item.
보증인pojeungin: A person who agrees to repay someone else's debt if that person fails to do so.

Definition in Korean

대출이나 채무의 변제를 확보하기 위해 일정한 재산이나 권리를 담보로 제공하거나 그 상태tae chu ri na chae mu ui pyeon je reul hwak ppo ha gi wi hae il jeong han chae sa ni na kwol li reul tam bo ro che gong ha geo na keu sang tae

Word origin

The Sino-Korean compound 담보 (dambo, "collateral") combines ideas of bearing an obligation and protecting against loss, which helps explain its financial meaning.

Usage tips

  • English speakers can remember that this word names what supports the lender, not simply the money borrowed.

Other meanings

  • mortgagenoun

Opposites

  • 무담보mudambounsecured loannoun

Related words

  • 담보대출tambodaechulsecured loannoun

Word lists with this word