unsecured loan

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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

money BORROWED by a company or individual without offering any COLLATERAL SECURITY to the lender.

unsecured loan

A loan without collateral.
References in periodicals archive ?
com has announced that they have disbursed unsecured loans worth Rs.
Jayne-Anne Gadhia said personal unsecured loans were priced too low for a good economy "let alone one that might have an uncertain outlook" and called for regulators to watch the car finance market.
What sets secured personal loans apart from unsecured loans is the way in which more money tends to be made available with the former of the two, along more agreeable and flexible payment terms.
Unsecured loans, both personal and for buying consumer durables, are back.
Banks can extend unsecured loans to customers without getting noticed by their board of directors or supervisory authorities, and the ability depends on the level of corporate governance, former banker and chairman of the Cyprus Securities and Exchange Commission Marios Clerides said.
selection of specialized financing structures in granting unsecured loans for the creation and takeover of companies as part of the investment strategy of jeremiah 2 auvergne holding fund
TransUnion released its first-ever personal loan forecast Wednesday, which found both secured and unsecured loans are expected to see balance increases and stable delinquencies through 2016.
BANKING AND CREDIT NEWS-September 28, 2015-First Financial Network offers USD60m in commercial real estate and unsecured loans
M2 EQUITYBITES-September 28, 2015-First Financial Network offers USD60m in commercial real estate and unsecured loans
The original test case covered the period from 1999 to 2008 and unsecured loans of between PS25,000 and PS30,000 which used the same documentation as smaller loans which are subject to the 1974 Consumer Credit Act.
The original test case covered 999 to 2008 and unsecured loans of between PS25,000 and PS30,000 which used the same documentation as smaller loans subject to the Consumer Credit Act.
NORDIC BUSINESS REPORT-June 23, 2014-Nickel Mountain Group to consider straight, unsecured loans for short term financing