Meaning of “unsecured credit” in the English Dictionary

business-english dictionary

"unsecured credit" in Business English

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unsecured creditnoun [ U ]


loans for which the lender has no right to the property or other assets of the borrower if the money is not paid back:

The bank has had a 50% increase in unsecured credit deals over the past three years.

(Definition of “unsecured credit” from the Cambridge Business English Dictionary © Cambridge University Press)