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Definition of Unsecured - Finance dictionary
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Unsecured (See Chapter 22 of the Vernimmen)
A borrowing facility (loan, bond…) is "unsecured" when the creditors do not benefit of any Security on any specific asset given as collateral. The opposite is "secured".
Unsecured (See Chapter 22 of the Vernimmen)
A borrowing facility (loan, bond…) is "unsecured" when the creditors do not benefit of any Security on any specific asset given as collateral. The opposite is "secured".
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Definitions of terms begining
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Unsecured (See Chapter 22 of the Vernimmen)
A borrowing facility (loan, bond…) is "unsecured" when the creditors do not benefit of any Security on any specific asset given as collateral. The opposite is "secured".
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