Unsecured Creditor

Business / Debt / Unsecured Creditor: A creditor who does not hold security (such as a mortgage) for money owed.

Best-Interests-Of-Creditors Test

Business / Finance / Best-Interests-Of-Creditors Test: The requirement that a claim holder voting against a plan of reorganization must receive at least as much as if the debtor were liquidated. MORE

Unsecured Creditor

Business / Debt / Unsecured Creditor: A creditor who does not hold security (such as a mortgage) for money owed. MORE

Unsecured Debt

Business / Finance / Unsecured Debt: Issue of a security for which there is no existing market. See: Seasoned issue. MORE

Unsecured Loan

Business / Debt / Unsecured Loan: An unsecured loan is a loan where the lender has no entitlement to any of the borrower's assets in the event of the borrower failing to make the loan repayments. Such a loan normally carries a higher MORE

Unsecured

Business / Real Estate / Unsecured: Describes a debt instrument, such as a debenture, that is backed only by the debtors promise to pay. MORE

Unsecured Bond

Business / Taxes / Unsecured Bond: When a bond isn't backed by collateral or security of some kind, such as a mortgage, that can be used to repay the bondholders if the bond issuer defaults, the bond is described as unsecured. However, MORE

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