Legal Definition of unsecured. : 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 - not firmly fastened or secured; "an unbarred door"; "went through the unlatched gate into the street"; "an unlocked room"

Unsecured definition, not secured, especially not insured against loss, as by a bond or pledge: an unsecured loan. See more.

Unsecured: not tightly fastened, tied, or stretched. Synonyms: insecure, lax, loose… Antonyms: taut, tense, tight… Find the right word.

22/02/2021 · An unsecured loan is a loan that doesn't require any type of collateral. Instead of relying on a borrower's assets as security, lenders approve unsecured loans …

24/02/2021 · Unsecured refers to a loan or equity interest that is given without requiring a lien against collateral of equal or higher value. more Nonperforming Asset (NPA) Definition

17/09/2020 · An unsecured loan is one that doesn't need collateral or a security deposit to receive. Unsecured loans come in three main forms: personal loan, student loans, and unsecured credit cards. Unsecured loans are also known as good faith loans or signature loans. Collateral is required for a secured loan.

Definition: Unsecured bonds or debentures are bonds that are not backed by some type of collateral. In other words, the bond is only secured by the bond issuer’s good credit standing. There are no building, equipment, vehicles, or other assets backing up the bond. If the bond issuer defaults on the unsecured bond, the bond holders could ...

25/11/2021 · “Unsecured,” in this case, means that the debt is not secured by collateral, such as a deposit that the lender or card issuer can keep if you fail to make payments. Consider some basic information to help you understand what an unsecured credit card is and how it works:

Senior Unsecured Bond means a non - convertible corporate bond which does not trades as a “ first lien bond” or a “ subordinated bond ” as determined by the Calculation Agent under then- current trading practices in the primary or secondary bond market, as the case may be. Sample 1. Based on 1 documents. 1.