unsecured liability

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Unsecured Liability

A debt or other liability that is not secured by an asset or lien, but rather by the all issuer's assets not otherwise secured. This means that an unsecured liability carries no collateral; in case of bankruptcy, the bondholder is considered a general creditor. Thus, the bondholder is paid out of funds that do not have a prior claim on them with a secured debt. Like most bonds, an unsecured bond is tradeable. Some unsecured bonds, such Treasury securities, are considered risk-free.

unsecured liability

A liability for which no specific collateral is held by a creditor. Essentially, payment on an unsecured liability is assured by the promise of the borrower.
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Some of us might even wonder whether a lack of guarantee on the part of the America for a succession of Karzai dynasty could be the stumbling block?
Indeed, one factor in Thomas' decision to enter the NFL draft was the lack of guarantee from UO coaches that he would be the starter in 2012, according to sources.
Among their concerns were the lack of guarantee that new accommodation will be provided for the infants school on the junior site, especially during the current economic climate.
The ratings also incorporate the legal provisions that separate the two entities and protect the subsidiary, including dividend restrictions, lack of guarantee, and CCOH protection from a CCU default.
Unlike conventional SME loan products, this product requires no guarantees or mortgages by leveraging big data, and allows installments and revolve of credit line, which makes it a perfect match to the funding demand of SME merchants featured by lack of guarantee to secure short-term, frequent and urgent funding.
But many have been left deeply concerned at the lack of guarantee over when -and if -they will be paid.
Lack of guarantee will be deemed a material breach.
Explaining why the Irish system was not considered, Middleton pointed to a lack of guarantee that a top weight would be pulled out before an agreed deadline and the likelihood that any pre-race analysis would be "useless".
Other concerns are said to centre on a lack of guarantee for terrestrial television coverage over the ten-year period of the deal, and legal issues which may render some clauses unenforcable in the future.
The primary concern relating to the downgrade is the rate of reduction in asbestos insurance receivables at Carbide versus the relative lack of reduction in the number of claims outstanding, in addition to the historical lack of guarantee of the Carbide debt by Dow.
Recently, there have been many complaints of lack of guarantees in the electoral process such as those made by the OAS Secretary General himself in a recent letter to the President of the CNE, Tibisay Lucena.
When asked what hindered their businesses, 64% of respondents indicated corruption, 50% - government intervention in business, 48% - lack of guarantees from the government in the protection of property, and 47% of entrepreneurs noted political instability.