unsecured

unsecured un‧se‧cured [ˌʌnsɪˈkjʊəd◂ ǁ -ˈkjʊrd◂] adjective FINANCE
1. an unsecured loan, debt etc is not protected by an agreement that if it is not paid the company borrowing the money has to give the lender certain assets, such as property or shares:

• Lenders typically collect less than 10 cents on the dollar on unsecured loans in personal bankruptcy proceedings.

2. unsecured lender/​creditor someone who lends money, without an agreement that if the debt is not paid, the company borrowing or owing the money has to give the lender certain assets, such as property or shares:

• Under the terms of the reorganization, unsecured creditors will also receive newly issued common stock in the company.

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unsecured UK US /ˌʌnsɪˈkjʊəd/ adjective FINANCE
relating to a loan for which the lender has no right to the property or other assets of the borrower if the money is not paid back: »

While we may request security for your loan, it can be unsecured.

»

Total unsecured borrowing has increased by 60% over the past year.


Financial and business terms. 2012.

Look at other dictionaries:

  • unsecured — un·se·cured /ˌən si kyu̇rd/ adj: not secured: as a: not guaranteed or protected as to payment, performance, or satisfaction by a security interest or by property given or pledged as security unsecured debt an unsecured claim b: characterized by a …   Law dictionary

  • unsecured — A claim or debt is unsecured if there is no collateral that is security for the debt. Most consumer debts are unsecured. (Bankruptcy in Brief) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • unsecured — [un΄si kyoord′] adj. 1. not made secure or firm; not kept firmly in place 2. not secured or guaranteed, as by collateral [an unsecured loan] …   English World dictionary

  • unsecured — 1780, from UN (Cf. un ) (1) “not” + pp. of SECURE (Cf. secure) (v.) …   Etymology dictionary

  • unsecured — ► ADJECTIVE 1) (of a loan) made without an asset given as security. 2) not made secure or safe …   English terms dictionary

  • unsecured — [[t]ʌ̱nsɪkjʊ͟ə(r)d[/t]] ADJ: usu ADJ n Unsecured is used to describe loans or debts that are not guaranteed by a particular asset such as a person s home. [TECHNICAL] We can arrange unsecured loans for any amount from ₤500 to ₤7,500. Ant: secured …   English dictionary

  • unsecured — /un si kyoord /, adj. 1. not secured, esp. not insured against loss, as by a bond or pledge: an unsecured loan. 2. not made secure, as a door or lock of hair; unfastened. 3. not protected against tapping or interception, as a telephone line or… …   Universalium

  • Unsecured — A loan or equity interest that is given without any guarantee of payment, performance, satisfaction or opportunity for return from the recipient. No property, interest or security is used as collateral in either a guarantee or a pledge. Unsecured …   Investment dictionary

  • unsecured — adj. Unsecured is used with these nouns: ↑creditor, ↑loan …   Collocations dictionary

  • unsecured — un|se|cured [ˌʌnsıˈkjuəd US ˈkjurd] adj an unsecured debt or ↑loan is one that does not make you promise to give the bank something you own if you cannot pay it back …   Dictionary of contemporary English

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