A credit extended without the pledge of collateral, usually for a highly creditworthy borrower. Opposite: Secured credit. Français: Crédit non-garanti Español: Crédito al descubierto, crédito no garantizado
Loans for which there is no collateral granted to the lender.
These are credits that are not secured by collaterals. Such loans are granted purely on the basis of the words of the customer. These are also known as signature loans.
Credit for which no collateral has been pledged. Loans made under this arrangement are sometimes called signature loans. A loan granted only on the basis of a customer's written agreement that the loan amount will be paid.
A loan in which the creditor does not request any collateral (e.g. securities) to secure the amount lent.
A loan not backed up by collateral or guarantee of any sort.
Credit extended on the borrower's promise to repay the debt, and for which collateral is not required.... read full article
Credit that is not secured with collateral. A customer can qualify for unsecured credit based on their credit history and financial strength.
Credit for which no collateral has been pledged. Loans made under this arrangement are sometimes called signature loans; in other words, a loan is granted based only on the customer's words, through signing an agreement that the loan amount will be paid.
Credit for which the money is lent on nothing more than the strength of a signature.