Unsecured debt

(redirected from Uncollateralized Debt)

Unsecured debt

Debt that does not identify specific assets that the debtholder is entitled to in case of default.

Unsecured Debt

A debt 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 debt carries no collateral; in case of bankruptcy, the debt holder is considered a general creditor. Thus, the debt holder is paid out of funds that do not have a prior claim on them with a secured debt. Some unsecured debts, such as Treasury securities, are considered risk-free.

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The two prominent potential explanations for the remaining gap between SCF and CCP credit card debt levels are the possibility of social stigma attaching to the use of uncollateralized debt, and the possibility that borrowers are not well informed about their credit card debt levels.

We also find a noteworthy gap in the lender- and borrower-reported levels of the other major uncollateralized debt category, student loans.

Bankruptcy, like heavy reliance on uncollateralized debt, is arguably a stigmatized consumer behavior.

Do we know what we owe? Consumer debt as reported by borrowers and lenders

SunPower's affiliation with Total is expected to benefit SunPower, lowering its cost of capital and increasing its access to uncollateralized debt financing.

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Barclays launches additional series of Inverse iPath[R] Exchange Traded Notes

For simplicity, we assume that the bank has only short-term debt, some of which is collateralized debt c, the remainder is uncollateralized debt u.

Stability of funding models: an analytical framework

This new ETN is an uncollateralized debt obligation of Barclays Bank PLC with a 10-year maturity.

Barclays Capital Launches First Exchange Traded Note Linked Inversely to a Volatility Index