Unsecured Loan
A loan that is issued and supported only by the borrower's creditworthiness, rather than by some sort of collateral. Investopedia Says:
Generally, a borrower must have a high credit rating to receive an unsecured loan. Commercial paper is an example of an unsecured loan. Related Terms:
Collateral
Commercial Loan
Commercial Paper
Five Cs Of Credit
Loan
Loan Stock
Margin
Margin Call
Signature Loan |