Definitions for "Unsecured Loan"
A loan that does not require the borrower to put up collateral with which to secure their borrowing.
Loan that does not use property for security.
Most personal loans are so-called unsecured loans. This means that the lender does not have a particular asset, such as your home, to reclaim if you should stop payments on the loan before it was paid back. However, the lender may still have a rightful claim on any of your possessions up to the loan amount should you not be able to repay the loan.
Debt that is not backed by a pledge of specific assets. Variable Cost A cost that is directly proportional to the volume of output produced. When production is zero, the variable cost is equal to zero. W X Y Z