unsecured liability

(redirected from Lack of Guarantees)

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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BG's Bonds Rating Affirmed: We continue to rate BG Energy Capital plc's senior unsecured bonds at 'A+', one notch below Shell's IDR, due to lack of guarantees or significant cross-default provisions between Shell and BG and despite strong operational and strategic ties between Shell as parent and BG as subsidiary.
Armenia has nothing to attract foreign investors into the country, but there are many problems, in additon to lack of guarantees and economic benefits.
The suspect and his lawyer also asked the appellate court to dismiss the request citing unusual conditions and lack of guarantees that he would be treated justly and humanely.
However, one of the concerns raised by the Transport Committee was a lack of guarantees that regional airports would get the new connections which have been promised.
He explained that the most important problems facing Egyptian exporters are the lack of guarantees to receive their financial dues and the difficult logistical situation, both of which raise the cost of production.
It said the ceasefire shared the flaw that allowed the government to scupper the previous truce: a lack of guarantees, monitoring mechanisms or sanctions against violators.
In one case, an EU project officer - whose name was not revealed - recommended that a lead investigator drop all British members from a consortium, citing lack of guarantees of funds from the U.K.
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.''