Learn the tone, meaning, and better English alternatives around "he never gave them their collateral back" with real scene examples.

It means the speaker is accusing someone of not returning pledged property or security.
From In Love With My Godfather's Daughter, Episode 15
Someone says a person never returned collateral to the people who gave it up.
Use this in financial or business disputes. It is specific and may be unfamiliar to learners outside that context.
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