Unsecured debt

Noun

Word Frequency: 0.1

Definitions

1.NounAny type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation.

Synonyms

indebtedness bad debt in debt debt service debts indebted national debt debtors debt ratio public debt consumer credit unpayable

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