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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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.
The lack of guarantees over a starting berth means the players have to take every available opportunity to impress.
Host Jerry Agar said the lack of guarantees that he will not drink again if re-elected makes it tough to "take another four-year shot on Rob Ford".
Radio host Jerry Agar said that as someone who has supported Ford in the past, the lack of guarantees that he won't drink again if re-elected makes it tough to ''take another four-year shot on Rob Ford.
Gulf Arab businessmen have repeatedly cited a lack of guarantees that their money will be safe inEgyptas a reason for holding back investment.
But he said he remained concerned about the lack of guarantees against government interference in the electoral process in favor of one candidate, which he said had been the case in previous elections.
Those who quit the coalition say the Jarba bloc is intent on going to Geneva despite the lack of guarantees demanded by the opposition.
Last month, Mursi called for the elections to be held in four stages beginning on April 22 amid an outcry from the secular-minded opposition, who cited a lack of guarantees for fair and free vote.
His statement came soon after the opposition National Salvation Front announced it was boycotting the staggered legislative elections starting on April 22 due to a lack of guarantees of transparency.
A lack of guarantees for financing the incentives, including a proposed return of 15 percent of the costs incurred within Bulgaria, was the primary reason the proposal did not go forward.
be extradited to Tripoli immediately due to lack of guarantees for a fair and