collateral obligationglossary / COLLATERAL OBLIGATION collateral obligation. A liability undertaken by a person who becomes bound for another’s debt. — Also termed accessorial obligation. 词条贡献者 法律翻译Peter,毕业于一所旨在培养高级翻译专业人才的翻译院校,专注翻译各类与能源与矿业有关的法律文件。