unsecured Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “unsecured” in the English Dictionary

"unsecured" in British English

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unsecuredadjective

/ˌʌn.sɪˈkjʊəd/  us /-ˈkjʊrd/
  • 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 ​offeryourhome as ​security and it is ​therefore a ​popularform 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   us   /ˌʌnsɪˈkjʊəd/ 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 ​requestsecurity 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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