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Meaning of “unsecured credit” in the English Dictionary

"unsecured credit" in Business English

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unsecured creditnoun [U]

uk   us   FINANCE
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 ​creditdeals over the past three ​years.
(Definition of unsecured credit from the Cambridge Business English Dictionary © Cambridge University Press)
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