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Meaning of “unsecured” in the English Dictionary

"unsecured" in British English

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unsecuredadjective

/ˌʌn.sɪˈkjʊəd/ /ˌʌn.sɪˈkjʊrd/
  • unsecured adjective (MONEY)

specialized finance & economics relating to a loan (= an amount of money that is lent) for which the person who has lent the money has no right to take property from the person who has borrowed it, if the money is not paid back: With an unsecured loan you do not offer your home as security and it is therefore a popular form of borrowing among consumers.
(Definition of unsecured from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"unsecured" in Business English

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unsecuredadjective

uk   /ˌʌnsɪˈkjʊəd/ us   FINANCE
relating to 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: While we may request security for your loan, it can be unsecured. Total unsecured borrowing has increased by 60% over the past year.
(Definition of unsecured from the Cambridge Business English Dictionary © Cambridge University Press)
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“unsecured” in British English

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