Unsecured Debt defined: Unsecured debt is a debt that is not guaranteed by an underlying asset or collateral therefore offered by lenders at generally higher interest rates that are based off the credit rating of the borrower.
Above is a definition for “Unsecured Debt” from PrivCo’s Private Company Knowledge Bank, the definitive online and e-book guide to private companies and private company deals.
Augment your research. Uncover opportunities. Close deals.