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An unsecured debt is an obligation or debt that does not have specific property (like your house or car) serving as collateral for payment of the debt.
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Unsecured Loans What are "unsecured loans"? Unsecured loans enable you to borrow money without offering any security in return to the lender (see our article on Need a loan fast
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In finance, unsecured debt Refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of Top payday loans 2014
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An unsecured creditor is a creditor other than a preferential creditor that does not have the benefit of any security interests in the assets of the debtor.
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Taking out a personal loan generally requires making an application with a bank. If you are approved, you must then sign a promissory note before receiving the funds.
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DEFINITION of 'Unsecured Creditor' An individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the Cash generator debit card loans
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