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English definition of “unsecured”

unsecured

adjective
 
 
/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 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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