Unsecured Loan What Does It Mean

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Posted on September 13, 2018 at 12:42 PM

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Recent Posts For Unsecured Loan What Does It Mean

What does a secured loan and unsecured loan mean - Answers
A secured loan is a loan in which there is physical collateral, meaning there is a physical item of worth that can be taken by the bank if the loan is not paid. Examples of this include a car loan ...
Unsecured debt - Wikipedia
Corporate Unsecured Debt - Since this type of debt assumes a greater amount of risk, corporations that have lower bond ratings (such as BBB) are classified as unsecured debt due to their higher default risk.
Unsecured Loan - What Does It Mean? - Dave Manuel
An "unsecured loan" is a loan in which there is no collateral. For instance - a mortgage is a "secured loan", as you are pledging your house as collateral. If you default on your payments, your lender will likely repossess your home and sell it to recoup their money.

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