Definitions for "Unsecured credit"
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.
Keywords:  debt
Unsecured Debt