What is unsecured debt?

Answer Unsecured debt is a loan you receive or a debt you incur that is not "secured"--backed--by an asset or other collateral. For example, your mortgage loan is secured debt, because it is backed by you... Read More »

Top Q&A For: What is unsecured debt

What is the definition of unsecured debt?

Unsecured debt is where borrows are granted a loan or credit without the need to guarantee repayment by putting up their personal property. Common forms of unsecured debt include credit cards and p... Read More »

What is a restructure of unsecured debt?

A restructure of unsecured debt is a negotiation where you and your creditors (the people you owe money to) agree to a change in the terms and conditions of how and when you will pay them back.Unse... Read More »

What is senior unsecured debt?

Businesses finance themselves by issuing debt. Companies and lenders agree upon terms for both parties to earn a return upon the investment, while minimizing default risks. Senior unsecured debt is... Read More »

What is non-priority unsecured debt?

There are two types of debt in the world: secured and unsecured. Secured debt is that for which some item, like a house or car, is used as collateral in case you default on the loan. Unsecured debt... Read More »