unsecured Definition

unsecured

Definition

Backed not by collateral but only by the integrity of the borrower. opposite of secured.

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unsecured is ...
... part of the Lending & Credit subject.

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subordinated debt, bond, credit line, junior debt, mortgage bond, municipal bond, secured bond, straight paper, loan stock, marginal cost of capital

unsecured appears in these other terms

unsecured loan

unsecured appears in the definitions of these other terms on BusinessDictionary.com

liquidator, accounts receivable (A/R), mortgage backed passthrough security, negative pledge, ordinary debts, and

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