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unsecured liability

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Financial Dictionary

unsecured liability

A liability for which no specific collateral is held by a creditor. Essentially, payment on an unsecured liability is assured by the promise of the borrower.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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California Car Insurance
Esurance Drivers Save Hundreds. Buy Your Policy Online in Minutes!
www.esurance.com/California
GEICO Car Insurance
CA residents could save $500 by switching to GEICO. Get a quote!
www.GEICO.com
Search another word or see unsecured liability on Thesaurus | Reference
Blue Cross Blue Shield
Health insurance plans as low as $4/day. Call 1-866-779-8466 Free!
www.Vimo.com
High Net-Worth Individual
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Tenant Law
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