Jump to content

unsecured debt

From Wiktionary, the free dictionary

English

[edit]

Noun

[edit]

unsecured debt (countable and uncountable, plural unsecured debts)

  1. (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

See also

[edit]
Retrieved from "https://en.wiktionary.org/w/index.php?title=unsecured_debt&oldid=78859046"