nonsecured
Lacking pledged assets
Nonsecured describes a loan or debt not backed by collateral—if the borrower defaults, the lender has no specific asset to claim.
Credit card debt and personal loans are typically nonsecured: Nonsecured creditors are paid last in bankruptcy proceedings.
The more common form is unsecured.
Without pledged security
- signatureHandwritten name for verification
- personalRelating to one's self
- revolvingTurning around a center
- overdraftSpending past zero
borrowing · lending · creditworthiness · debtor · creditor · promissory · unbacked · subprime
Without pledged security
- obligationRequired task or commitment
- liabilityLegal or financial obligation
- defaultPreset standard option
- insolvencyInability to pay debts
bankruptcy · repayment · delinquency · collection · writeoff · chargeoff · dischargeable · subordinated
Without pledged security
- microfinanceSmall loans for poor entrepreneurs
- revolverPistol with rotating chamber
- commitmentFirm pledge to act
- covenantBinding formal pledge
origination · underwriting · approval · denial · subprime · prime
Preset standard option
- exposureState of being unprotected
- lossBeing without something
- recoveryRegaining what was lost
- priorityStatus of greater importance
subordination · unsatisfied · judgment · deficiency · writeoff · chargeoff · downgrade · impairment
uncollateralized
Without pledged security
- signatureHandwritten name for verification
- personalRelating to one's self
- revolvingTurning around a center
overdraft · borrowing · lending · creditworthiness · debtor · creditor · promissory · unbacked · subprime · installment
uncollateralized
Without pledged security
- obligationRequired task or commitment
- liabilityLegal or financial obligation
- defaultPreset standard option
insolvency · bankruptcy · repayment · delinquency · collection · writeoff · chargeoff · dischargeable · subordinated · junior
uncollateralized
Without pledged security
- microfinanceSmall loans for poor entrepreneurs
- revolverPistol with rotating chamber
- commitmentFirm pledge to act
covenant · origination · underwriting · approval · denial · subprime · prime
default
Preset standard option
priority · subordination · unsatisfied · judgment · deficiency · writeoff · chargeoff · downgrade · impairment
nonsecuredsecured
Made fast or obtained
collateralized · asset-backed · guaranteed · secured debt · mortgage-backed
secure, secured, unsecured, security, securities, insecure, insecurity, securely, securing