unsecured

Definition

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

Use unsecured in a sentence

I had a lot of unsecured debt and I just wanted it to go away, but I knew that it would not and it would remain with me.

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As an unsecured creditor my company ranks on the bottom rung of the payment hierarchy established under United State Bankruptcy laws.

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Many young people have difficulty acquiring unsecured credit cards due to a lack of verifiable payment history which demonstrates their creditworthiness.

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subordinate debenture municipal bond