Unsecured is used to describe loans or debts that are not guaranteed by a particular asset such as a person's home. We can arrange unsecured loans for any amount from £500 to £7,500. an unsecured debt or loan is one that does not make you promise to give the bank something you own if you cannot pay it back
not firmly fastened or secured; "an unbarred door"; "went through the unlatched gate into the street"; "an unlocked room"
This is the term given to a loan where the lender has no security A mortgage is normally secured against the property
Describes a debt instrument, such as a debenture, that is backed only by the debtor's promise to pay
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
A claim or debt is unsecured if there is no collateral that is security for the debt Most consumer debts are unsecured