(Definition ofunsecured loanfrom theCambridge Business English Dictionary© Cambridge University Press) Examplesofunsecured loan unsecured loan One might come to have negative equity as a result of taking out a substantial,unsecuredloan. From
An unsecured loan, as its name implies, is a lending operation by a bank or financial institution, wherein money is provided in advance to a borrower by means of a loan, credit card or cash credit facility without seeking collateral, security or hypothecation of an asset as a precondition t...
Examples of unsecured lending Who are unsecured business loans for? How do unsecured loans for businesses work? How can I get an unsecured business loan? What’s the maximum amount I can borrow with an unsecured business loan? Some drawbacks to be aware of when it comes to unsecured loans...
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Application Process for Unsecured Business Loan Interest Rates and Repayment Terms Alternative Financing Options Conclusion Introduction In today’s competitive business landscape, access to financing is crucial for the growth and success of small and medium-sized enterprises (SMEs). One of the financing...
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However, loan providers may decline your application if you intend to spend the money in a few prohibited areas. These include investing, paying a house deposit or gambling. You may also see your application rejected if you intend to use the money to start a new business, though you could...
an unsecured debt orloanis one that does not make you promise to give the bank something you own if you cannot pay it back〔债务或贷款〕无担保的,无抵押的 Examples from the Corpus unsecured•While we may request security for your loan, it can beunsecured.•Loans areunsecuredand there is...
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An unsecured loan is a loan that doesn’t require any type of collateral. Instead of relying on a borrower’s assets as security, lenders approve unsecured loans based on a borrower’s creditworthiness.1 Examples of unsecured loans include personal loans, student loans, and credit cards. Key...