unsecured bond

Definition

A type of debt certificate that is typically required to offer a fixed rate of interest or annual sum until maturity. These bonds are generally either considered to be discounted or interest bearing, and are primarily issued by corporations or by the government. Unlike a secured bond, an unsecured bond is not backed by any collateral.

Use unsecured bond in a sentence

You need to make sure that you have broken everything down before you decide to invest in an unsecured bond.

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It was an unsecured bond and a lot of times people would confuse that with a secured one and didn't realize they were different things.

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Their main offering was in the form of an unsecured bond, and we debated for some time whether it was worth the risk before deciding to take it.

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limited recourse debt Federal Intermediate Credit Bank