Meaning unsecured loan
What does unsecured loan mean? Here you find 29 meanings of the word unsecured loan. You can also add a definition of unsecured loan yourself

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unsecured loan


A loan that is not backed up by assets or guarantee.
Source: realestate.co.nz

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unsecured loan


Definition A loan that is not backed by collateral. also called signature loan.
Source: investorwords.com

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unsecured loan


is when a loan is given out with no collateral; more specifically it is based solely on the borrower's credit rating or simply the good name of the borrower (e.g. if you set up a personal loan fo [..]
Source: financialdictionary.net

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unsecured loan


A loan made with no collateral posted to ensure repayment
Source: dictionary.findlaw.com

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unsecured loan


A loan not backed by collateral, representing a greater risk to the lender. The lender may require a co-signer on the loan to reduce their risk. If you default on the loan, the co-signer will be held [..]
Source: finaid.org

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unsecured loan


A loan where no security collateral like using commercial premises. Usually the borrowable amout will be less than a Secured Loan
Source: sterlingcapitalreserve.co.uk

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unsecured loan


A loan that is not collateralised against tangible assets.
Source: knowhownonprofit.org

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unsecured loan


A loan whereby money is lent to you without any guarantee or security, unlike a secured loan
Source: thecarexpert.co.uk

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unsecured loan


Unlike secured loans, which require collateral, an unsecured loan requires no collateral and is based entirely on the creditworthiness of the borrower; thus, unsecured loans often are considered riski [..]
Source: dmv.org

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unsecured loan


A loan that is not secured by assets, but is based solely on the creditworthiness of the customer.
Source: equipmentfinanceadvantage.org

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unsecured loan


A loan for which no asset has been used as security. The interest rate is usually higher than for a secured loan as there is a higher risk to the lender of not getting their money back.
Source: lifespanfp.com.au

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unsecured loan


This involves borrowing money over a fixed term with no security. Many small businesses use this type of finance where they don’t have secured assets to borrow against. Examples include credit cards and personal loans. However, it can be an expensive way to borrow money and is dependent on your credit rating.
Source: freedombusinessfinance.co.uk

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unsecured loan


A loan based on a consumer’s promise to pay without savings or other collateral as a guarantee
Source: lifesmarts.org

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unsecured loan


A loan made without collateral.
Source: nonprofitsassistancefund.org

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unsecured loan


A loan not backed with collateral.
Source: stlouisfed.org

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unsecured loan


advance of money that is not secured by collateral.
Source: mortgageloan.com

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unsecured loan


Money borrowed without goods offered as security against non-payment
Source: moneymakesense.co.uk

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unsecured loan


An unsecured loan is made without an asset pledged as security against default. Federal education loans and most private student loans are examples of unsecured loans.
Source: edvisors.com

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unsecured loan


A loan made on the general credit of a borrower. The lenders rely upon the borrower’s balance sheet and the capability of the borrower’s management to manage its assets and produce sufficient cash [..]
Source: pppknowledgelab.org

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unsecured loan


A loan for which no asset has been used as security. The interest rate is usually higher than for a secured loan as there is a higher risk to the lender of not getting their money back.
Source: moneysmart.gov.au

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unsecured loan


A loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of collateral. 
Source: 1stmarinerbank.com

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unsecured loan


Loans that rely solely on your credit history, reputation and integrity to ensure payment.
Source: fiscalagents.com

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unsecured loan


A loan granted upon the good credit and promise of the borrower to repay, with no requirement that the borrower pledge a tangible asset (collateral) as security. (See also Secured loan.)
Source: firstcommand.com

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unsecured loan


A credit agreement or loan that does not require the applicant to provide any form of security, guarantor or asset as part of the deal. Most personal loans are unsecured. See ‘personal loan’ and ‘secured loan’.
Source: 118118money.com

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unsecured loan


A loan not backed by collateral, representing a greater risk to the lender. The lender may require a co-signer on the loan to reduce their risk. If you default on the loan, the co-signer will be held [..]
Source: collegegold.com

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unsecured loan


a loan not backed by collateral.
Source: acbonline.com

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unsecured loan


A loan where no collateral is offered from the borrower to the lender.  Typically, unsecured loans carry a higher interest rate and sometimes require a co-signer.
Source: careersandeducation.com

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unsecured loan


A loan that is not backed by collateral.
Source: txlandgroup.com

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unsecured loan


Loan in respect of which the lender has taken no special claim against any assets. Back to the top V
Source: wps.pearsoned.co.uk

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