What Is An Unsecured Loan Definition And Meaning Market

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Unsecured Debt - Investopedia
Unsecured debt is a loan that is not backed by an underlying asset. Unsecured debt includes credit card debt , medical bills, utility bills and other types of loans or credit that were extended ...
What is unsecured loan? definition and meaning ...
Definition of unsecured loan: Loan extended only on the basis of the borrower's financial position, creditworthiness, credit history, and general reputation. The borrower signs a promissory not but does not pledge any specific ...
Secured loan - Wikipedia
A secured loan, is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.

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