unsecured loan

a loan that is not backed up by any collateral, such as a home or an automobile offered as security. Glossary of Business Terms

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unsecured loan unsecured loan loan1

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unsecured loan UK US noun [C] (also signature loan) FINANCE
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: »

They will offer unsecured loans to anyone over 22 with comprehensive motor insurance.


Financial and business terms. 2012.

Look at other dictionaries:

  • Unsecured loan — An unsecured loan is a loan that is not backed by collateral. Also known as a signature loan or personal loan .Unsecured loans are based solely upon the borrower s credit rating. As a result, they are often much more difficult to get than a… …   Wikipedia

  • Unsecured Loan — A loan that is issued and supported only by the borrower s creditworthiness, rather than by some sort of collateral. Generally, a borrower must have a high credit rating to receive an unsecured loan. Commercial paper is an example of an unsecured …   Investment dictionary

  • unsecured loan —   prestito non garantito   L unsecured loan è un finanziamento concesso a favore di un soggetto in virtù delle proprie qualità personali, della redditività della propria azienda. Per questi tipi di finanziamenti non è prevista alcuna garanzia… …   Glossario di economia e finanza

  • unsecured loan — Fin a loan made with no collateral. [m1]Also known as signature loan …   The ultimate business dictionary

  • unsecured loan — /ˌʌnsɪkjυəd ləυn/ noun a loan made with no security …   Dictionary of banking and finance

  • unsecured loan stock — ULS; = unsecured debenture A loan stock or debenture in which no specific assets have been set aside as a fund out of which the holders could be paid in priority to other creditors in the event of non payment …   Accounting dictionary

  • unsecured loan stock — ULS; unsecured debenture A loan stock or debenture in which no specific assets have been set aside as a fund out of which the debenture holders could be paid in priority to other creditors in the event of non payment. Compare secured debenture …   Big dictionary of business and management

  • Irredeemable Convertible Unsecured Loan Stock - ICULS — A type of security that can be used to purchase underlying common shares. It is similar to a warrant except that it is subject to the conversion ratio. In essence, an ICULS provides the benefits of a bond until it is converted to an equity. ICULS …   Investment dictionary

  • 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: •… …   Financial and business terms

  • loan market — ➔ market1 * * * loan market UK US noun [C] ► FINANCE the market where financial organizations provide loans to borrowers and sometimes repackage them (= sell them on to investors): consumer/domestic/home loan market »The consumer loan market has… …   Financial and business terms

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