Unsecured Loan What Does It Mean

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Posted on November 12, 2018 at 11:09 AM

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Secured vs unsecured lines of credit | Investopedia
When a line of credit (or any loan) is secured, it means that the credit grantor has established a lien against an asset that belongs to the borrower. This asset becomes collateral, and it can be ...
What does unsecured mean? definition, meaning and ...
Definition of unsecured in the AudioEnglish.org Dictionary. Meaning of unsecured. What does unsecured mean? Proper usage and pronunciation (in phonetic transcription) of the word unsecured. Information about unsecured in the AudioEnglish.org dictionary, synonyms and antonyms.
What does a secured loan and unsecured loan mean?
An unsecured loan is a loan in which there is no physical collateral, meaning there is no item of worth the bank can take if the loan is not paid. Examples of this include credit card debt or a student loan; in these cases, if the loan isn't paid the bank has to use a collections agency to try to get the money back.

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