unsecured credit

unsecured credit definition - finance
Credit that is not backed by collateral, or assets that are pledged to make certain the credit is repaid. A credit card is a type of unsecured credit.

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.