signature loan

signature loan definition - finance
A loan for which no assets or collateral are pledged. Signature loans are relatively rare but may be extended if there is a long-standing relationship between the borrower and the bank and if the borrowerÂ’s credit is excellent.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.