What is the meaning of Unsecured?

Unsecured is a credit instrument which a lower priority of claim against a borrower. This compares to Secured Debt.

Barry Goldsmith
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APABarry Goldsmith. (2010). unsecured. Retrieved September 24, 2026, from http://smartdefine.org/unsecured/definitions/1165996
ChicagoBarry Goldsmith. 2010. "unsecured" http://smartdefine.org/unsecured/definitions/1165996 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, unsecured, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/unsecured/definitions/1165996>.
MLABarry Goldsmith. "unsecured" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/unsecured/definitions/1165996>
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