Unsecured Debt
Unsecured debt refers to any form of debt that is not protected by a guarantor
Unsecured debt refers to debt that is not protected by a guarantor. This means that no form of asset such as a car or most commonly a house is being offered as collateral should the borrower fail to make payment.
Unsecured Debt is not protected by a guarantor.
Unsecured debt refers to debt that is not protected by a guarantor. This means that no form of asset such as a car or most commonly a house is being offered as collateral should the borrower fail to make payment.Practical Application Example
“
My client is looking for funding without any form of collateral. It needs to be an unsecured debt. ”
