unsecured debt
Unsecured debt refers to financial obligations or loans that are not backed by collateral, such as a house or car, meaning there is no specific asset that a lender can claim if the borrower fails to repay the debt.
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Unsecured debt refers to financial obligations or loans that are not backed by collateral, such as a house or car, meaning there is no specific asset that a lender can claim if the borrower fails to repay the debt.
Requires login.