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 ?
Global Banking News-August 23, 2017--Russia offers unsecured loan to Otkritie
Summary: The European Bank for Reconstruction and Development (EBRD), on January 17, extended a TND 25 million senior unsecured loan to the "Compagnie Internationale de Leasing (CIL)", the company's Communication Officer
Unlike a secured loan, an unsecured loan can be applied for even if you do not own a property or have a mortgage although you will not be able to borrow anywhere near as much money.
After the slump post the 2008 financial crisis, when a number of banks and NBFCs shrunk their unsecured loan books in response to huge defaults, the tide has turned, and that too strongly.
Extending an unsecured loan "is relatively easy without the board of directors or the supervisory authority noticing it," Clerides who served as general manager at Hellenic Bank until December 2013 and the Cooperative Central Bank until June 2015, said in an interview.
TransUnion's forecast projected that the average unsecured loan balance will continue to grow through 2016.
I applied for an unsecured loan and there was no mention of needing a guarantor in the conversation," she said.
Country: USASector: Banking/Financial ServicesTarget: HFC's personal unsecured loan and personal homeowner loan portfoliosBuyer: Springleaf Finance Inc, Blackstone Tactical Opportunities Advisors LLC, Newcastle Investment Corp, SpringCastle Acquisition LLCVendor: HSBC Holdings Plc, HSBC Finance Corporation (HFC)Deal size in USD: 250mType: Corporate acquisition, StakebuildingFinancing: Cash & DebtStatus: ClosedComment: Total purchase price is USD3bn.
NRAM retained the majority of the pre-existing mortgage book and all pre-existing unsecured loan accounts.
Let's say you take out a large unsecured loan in the amount of $9,000 for 36 months at 6.
International Resource News-March 14, 2011--Hereford Group takes up GBP300,000 convertible unsecured loan notes of LP Hill(C)1994-2011 ENPublishing - http://www.
A senior official with Barclays Plc (LSE: BARC) has opined that businesses would get a better deal if they took an unsecured loan from banks rather than a secured loan.