unsecured loan

[ uhn-si-kyoord-lohn ]

nounFinance.

a loan that is supported only by the borrower’s creditworthiness and income and does not require the borrower to put up collateral, as a home or vehicle, to back up the loan. A personal loan made to someone is usually an unsecured loan.

Origin of unsecured loan

¹

First recorded in 1905–10

Also called sig·na·ture loan [sig-nuh-cher lohn, -choor] /ˈsɪg nə tʃər ˌloʊn, -tʃʊər/ .

Compare secured loan.

Words Nearby unsecured loan

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use unsecured loan in a sentence

The report that a bank had given an unsecured loan to a superPAC turned out to be based on flawed FEC reporting.
Bank Didn't Give Unsecured Loan To Super PAC | Ben Jacobs | May 13, 2014 | THE DAILY BEAST
This unsecured loan was one of the very things, I doubt not, that helped to inspire general confidence.
The Americanism of Washington | Henry Van Dyke
If you prefer, you may regard this amount as an unsecured loan and repay it with current interest on opportunity.
Lorimer of the Northwest | Harold Bindloss

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