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Unsecured loan |
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Unsecured loanA loan where the lender has no entitlement to any of the borrower's assets in the event of the borrower failing to make the loan repayments. Such a loan normally carries a higher interest rate than a secured loan.Similar MatchesUnsecured loan stockUnsecured loan stockLoan stock issued by a company but without security. The holder of the loan stock does not have entitlement to any of the company's assets in the event of non repayment of the loan. Unsecured debtUnsecured debtDebt that does not identify specific assets that the debtholder is entitled to in case of default. |
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