Unsecured
/ʌnˈsɪkjʊərd/
Definitions
- (adj.) Not supported by collateral or security interest; not secured by any asset or guarantee.
The creditor held an unsecured claim against the debtor's estate.
- (adj.) Not protected or guaranteed by law or contract.
The unsecured loan carries a higher interest rate due to increased risk.
Related terms
See also
Commentary
In legal contexts, unsecured typically refers to debts or claims lacking specific collateral; always distinguish from secured counterparts to clarify rights and risk.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.