What is the definition of Unsecured credit? | Dictionary.net

UNSECURED CREDIT

\ʌnsɪkjˈʊ͡əd kɹˈɛdɪt], \ʌnsɪkjˈʊ‍əd kɹˈɛdɪt], \ʌ_n_s_ɪ_k_j_ˈʊə_d k_ɹ_ˈɛ_d_ɪ_t]\

Definitions of UNSECURED CREDIT

1910 - Black's Law Dictionary (2nd edition)

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Credit that is extended on the borrowers promise to pay. There is no collateral kept as security.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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