unsecured debt Meaning in the Cambridge English Dictionary
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Meaning of “unsecured debt” in the English Dictionary

"unsecured debt" in Business English

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unsecured debtnoun [C or U]

uk   us   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 ​totallevel of unsecured ​debtperhouseholdstands just ​short of $6900.
(Definition of unsecured debt from the Cambridge Business English Dictionary © Cambridge University Press)
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