Unsecured Loan Financial Definition

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Posted on September 11, 2018 at 04:03 AM

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Unsecured debt - Wikipedia
In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.
What is unsecured loan? definition and meaning ...
Definition of unsecured loan: Loan extended only on the basis of the borrower's financial position, creditworthiness, credit history, and general reputation. The borrower signs a promissory not but does not pledge any specific ...
What Is An Unsecured Loan? – PrimeRates
Different Types of Unsecured Loans, Examples & Definition. If you need a loan but don’t have collateral to back it up, an unsecured loan might be the answer for you.

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