Meaning of “unsecured loan” in the English Dictionary

business-english dictionary

"unsecured loan" in Business English

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unsecured loannoun [ C ]

uk us also signature loan FINANCE

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

They will offer unsecured loans to anyone over 22 with comprehensive motor insurance.

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