A claim or debt is unsecured if there is no collateral that is security for the debt. Most consumer debts are unsecured. (Bankruptcy in Brief)
United Glossary of Bankruptcy Terms 2012.
Glossary of Bankruptcy.
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unsecured — un‧se‧cured [ˌʌnsɪˈkjʊəd◂ ǁ ˈkjʊrd◂] adjective FINANCE 1. an unsecured loan, debt etc is not protected by an agreement that if it is not paid the company borrowing the money has to give the lender certain assets, such as property or shares: •… … Financial and business terms
unsecured — un·se·cured /ˌən si kyu̇rd/ adj: not secured: as a: not guaranteed or protected as to payment, performance, or satisfaction by a security interest or by property given or pledged as security unsecured debt an unsecured claim b: characterized by a … Law dictionary
unsecured — [un΄si kyoord′] adj. 1. not made secure or firm; not kept firmly in place 2. not secured or guaranteed, as by collateral [an unsecured loan] … English World dictionary
unsecured — 1780, from UN (Cf. un ) (1) вЂњnotвЂќ + pp. of SECURE (Cf. secure) (v.) … Etymology dictionary
unsecured — ► ADJECTIVE 1) (of a loan) made without an asset given as security. 2) not made secure or safe … English terms dictionary
unsecured — [[t]ʌ̱nsɪkjʊ͟ə(r)d[/t]] ADJ: usu ADJ n Unsecured is used to describe loans or debts that are not guaranteed by a particular asset such as a person s home. [TECHNICAL] We can arrange unsecured loans for any amount from ₤500 to ₤7,500. Ant: secured … English dictionary
unsecured — /un si kyoord /, adj. 1. not secured, esp. not insured against loss, as by a bond or pledge: an unsecured loan. 2. not made secure, as a door or lock of hair; unfastened. 3. not protected against tapping or interception, as a telephone line or… … Universalium
Unsecured — A loan or equity interest that is given without any guarantee of payment, performance, satisfaction or opportunity for return from the recipient. No property, interest or security is used as collateral in either a guarantee or a pledge. Unsecured … Investment dictionary
unsecured — adj. Unsecured is used with these nouns: ↑creditor, ↑loan … Collocations dictionary
unsecured — un|se|cured [ˌʌnsıˈkjuəd US ˈkjurd] adj an unsecured debt or ↑loan is one that does not make you promise to give the bank something you own if you cannot pay it back … Dictionary of contemporary English