Definitions of unsecured debt
money borrowed without supplying something of value as security
As most of the company's obligations were unsecured debt, creditors had little hope of getting back the full amount owed them.
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unsecured debt means:
full
noun
money borrowed without supplying something of value as security
As most of the company's obligations were unsecured debt, creditors had little hope of getting back the full amount owed them.