collateral (adjective, col-lat-er-al, \ kəˈlætərəl \) damage (noun, dam-age, \ ˈdæmɪdʒ \)
Definition: is an unintentional, unexpected, and oftentimes an unavoidable loss that typically accompanies an accident, a disaster, or a failure. In business, collateral damage can take numerous forms. It may define a loss of a group of customers as a result of an ineffective marketing strategy; a loss of a house that was used to fund a business in case of this business’s shutdown; a closure of a company due to the external economic conditions, changes, and crises; etc.
In a Sentence:
- If you are going to execute this decision, prepare yourself for some collateral damage.
- Because the health industry is developing very fast these days, our small company may become a collateral damage.
- This is a risky project. It may result in numerous unexpected changes and collateral damage for the employees.
Synonyms and related words: collateral, financial loss, financial damage, company shutdown, financial disaster
