from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Not
secured; not fastened; not attached.
- adjective Of a loan or guarantee, without
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- adjective not firmly fastened or secured
- adjective without financial security
from Wiktionary, Creative Commons Attribution/Share-Alike License
It now appears that in the UK the term unsecured loan no longer exists!
Let's talk just a little bit here about the idea that credit card debt, guess what, is what they call unsecured debt.
The EBA also makes clear that as well as capital, "additional steps are required to restart the term unsecured funding market"."
So, my question to you is; these cards are through American Express, Chase, and other companies like that so Im guessing they are what you call unsecured loans.
We think that the size we talk about—which is like $440 billion of net investment—would make us like 2% of the commercial paper and long-term unsecured funding market.
"Dexia has experienced further tightening in its access to market funding—even to short-term unsecured funding—since Moody's last statement early in July," it said.
So a few little blips like accidentally allowing trillions of dollars in unsecured loans to go south, or allowing a company to blow a few million gallons of oil into the Gulf is a small price to pay.
They were representing groups to whom GM had owed money but who were not paid after the bankruptcy, people like parts suppliers and corporate bond holders who are known as "unsecured creditors".
Or even a more novel idea (how be it radical), pay off the $ 40,000 billion in unsecured liabilities.
It raised a total of £6 billion $9.7 billion in funding through private placements, covered bonds and other instruments, but it didn't tap public markets for long-term unsecured debt, traditionally a key source of funding for banks.