Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • adj. Not secured; not fastened; not attached.
  • adj. Of a loan or guarantee, without collateral.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

non- +‎ secured

Examples

  • For the first time in American history and totally counter to all established laws of bankruptcy, secured creditors would receive less than nonsecured creditors ….

    Coyote Blog » Blog Archive » Chrysler Update

  • There was no way he was going to stop in a nonsecured area to clean the car.

    Vince Flynn Collectors’ Edition #2

  • Justice's Criminal Division chief James Robinson listened attentively, the sources say, and at the end of the session asked Lee's lawyers for a written submission to elaborate on why he transferred top-secret nuclear codes from a secured to a nonsecured computer at the Los Alamos lab.

    'This Has Been Surreal'

  • Justice's Criminal Division chief, James Robinson, listened attentively, the sources say, and at the end of the session asked Lee's lawyers for a written submission to elaborate on why he transferred top-secret nuclear codes from a secured to a nonsecured computer at the Los Alamos lab.

    'This Has Been Surreal'

  • Unlike the old law (BRA) which, as amended in 1984, allowed debtors to discharge nonsecured property settlement obligations to former spouses (think payouts for businesses, professional practices, or other assets distributed in a divorce), the new law forbids this.

    When Bankruptcy Meets Divorce

  • What's more, BAPCPA requires a debtor to reside in a state more than 40 months before he or she files for bankruptcy protection to take advantage of that state's exemptions; thus eliminating "forum shopping," where debtors moved to states like Florida or Texas just before filing bankruptcy petitions, in an effort to convert nonexempt property into an exempt homestead, wiping out their nonsecured debt in the process.

    When Bankruptcy Meets Divorce

  • Best idea: Insist on having your spouse pay old, nonsecured consumer debt, directly, from his--or her--share of money received from the sale of a house or distribution of other assets at the time of the divorce.

    When Bankruptcy Meets Divorce

  • BAPCPA also provides "domestic support obligations" first priority status over other nonsecured debt.

    When Bankruptcy Meets Divorce

  • However, what you need to know ahead of time is that when adding nonsecured debt to a mortgage, it is necessary to have

    The Dollar Stretcher Featured Content

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