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unsecured loan

   Also found in: Wikipedia 0.01 sec.
Unsecured Loan
A loan 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 as Treasury securities, are considered risk-free.

unsecured loan
A loan without collateral.


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Tenants like a housing tenant, PG, MOD tenant or a living with parents can meet their financial necessities with easy by applying with unsecured loans for tenant.
It would be the first unsecured loan given by the EBRD to a Bulgarian municipal company without city hall guarantees, Sofia city hall said in a statement.
The two most well-known types of loan are an unsecured loan and a secured loan.
 
 
 
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