unsecured debt
Jump to navigation
Jump to search
English
[edit]Noun
[edit]unsecured debt (countable and uncountable, plural unsecured debts)
- (business, finance) Any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation.
- Antonym: secured debt