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 not backed up by any collateral, such as a home or an automobile offered as security. Glossary of Business Terms * * * unsecured loan unsecured loan ➔ loan1 * * * unsecured loan UK US noun [C] (also signature loan) FINANCE ► a loan … Financial and business terms
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 — /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
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
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
loan, personal — n. A secured or unsecured loan to be used for personal purposes as opposed to commercial ones. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary