money borrowed without supplying something of value as security As most of the company's obligations were unsecured debt, creditors had little hope of getting back the full amount owed them.
- Do not confuse unsecured with insecure. While unsecured means lacking collateral, insecure means lacking self-confidence: She was insecure about her looks. The term insecure ca also mean unsafe: Competing armies made life insecure in many parts of the country.
- GM has about $28 billion in unsecured debt.
- The ratings service reduced its assessment of Merck's corporate credit and senior unsecured debt to AA.
- The average gambler owes more than $ 40,000 in unsecured debt and carries an average of eight credit cards.