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unsecured loan

[ uhn-si-kyoord-lohn ]
/ ˌʌn sɪˈkyʊərd ˈloʊn /
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noun Finance.

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.

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

Origin of unsecured loan

First recorded in 1905–10

Words nearby unsecured loan

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

How to use unsecured loan in a sentence

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