What does unsecured bond mean?
Definitions for unsecured bond
un·se·cured bond
This dictionary definitions page includes all the possible meanings, example usage and translations of the word unsecured bond.
Princeton's WordNet
unsecured bond, debenture, debenture bondnoun
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
ChatGPT
unsecured bond
An unsecured bond is a type of bond or debt that is not backed by any type of collateral. It is also known as a debenture bond. This type of bond is issued purely on the creditworthiness and reputation of the issuer. In case of a default, the bondholder can only claim general assets of the issuer not specifically pledged to any other liability, which makes it riskier compared to secured bonds. The interest rates on unsecured bonds are usually higher because they carry higher risk.
Numerology
Chaldean Numerology
The numerical value of unsecured bond in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of unsecured bond in Pythagorean Numerology is: 1
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"unsecured bond." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/unsecured+bond>.
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