unsecured debt Meaning in Cambridge Business English Dictionary
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Meaning of "unsecured debt" - Business English Dictionary

unsecured debt

noun [C or U]
 
 
FINANCE
debt for which the lender has no right to the property or other assets of the borrower if the debt is not paid: The total level of unsecured debt per household stands just short of $6900.
(Definition of unsecured debt from the Cambridge Business English Dictionary © Cambridge University Press)
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