In terms of debt, unsecured notes refer to those that are not backed by specific assets. This form of financing is particularly attractive to REIT's because it does not encumber specific properties. Unsecured notes also enable REIT's to tap longer term financing than might be available from other lending sources.
Backed not by collateral but only by the integrity of the borrower. opposite of secured. see also commercial paper, debenture, line of credit, subordinated debt.
Brazos HELP loans are unsecured. An unsecured loan means that the loan is not secured with collateral, such as a home, car or bank account. Secured loans allow a lender the option of selling your collateral to apply the proceeds to your unpaid debt if you fail to repay the loan. A customer qualifies for unsecured credit based on their credit history and financial strength. Unsecured loans usually have higher interest rates than secured loans since the lender assumes more risk.
It is a credit instrument, which has a lower priority of claim against a borrower.
A loan where no collateral or security is given or charged to the lender. Unsecured lending is viewed as higher risk than secured lending and interest rates are generally higher to reflect this.
A pledge or promise of payment to a creditor or obligor that is not supported by or guaranteed with collateral.
is obligation backed not by collateral but only by the integrity of the borrower. Opposite of secured.
Not backed by any security.
A loan that has no collateral pledged as security.
not firmly fastened or secured; "an unbarred door"; "went through the unlatched gate into the street"; "an unlocked room"
Credit backed not by collateral, but instead only by the personal integrity of the individual borrower.
A loan that is not secured by a trust deed, mortgage, or other property.
Is a credit instrument which a lower priority of claim against a borrower. This compares to Secured Debt.
In bankruptcy proceedings, for the purposes of filing a claim, a claim is unsecured if there is no collateral, or to the extent the value of collateral is less than the amount of the debt.
Describes a debt instrument, such as a debenture, that is backed only by the debtor's promise to pay.
This is the term given to a loan where the lender has no security. A mortgage is normally secured against the property.
A debt security which is not backed by a charge over any assets and which ranks after secured debts in the even of liquidation.
A claim or debt is unsecured if there is no collateral that is security for the debt. Most consumer debts are unsecured.