From Longman Dictionary of Contemporary Englishunsecuredun‧se‧cured /ˌʌnsɪˈkjʊəd◂ $ -ˈkjʊrd◂/ adjective an unsecured debt or loan is one that does not make you promise to give the bank something you own if you cannot pay it back
Examples from the Corpus
unsecured• While we may request security for your loan, it can be unsecured.• Loans are unsecured and there is no lender of last resort.• The overnight unsecured call rate -- what banks charge each other for overnight loans -- traded at 0. 46 percent.• An unsecured Car Loan lets you borrow between £500 and £7,500 - quickly and without fuss.• Secondly, even if loan stock is unsecured it will rank equally with the other unsecured creditors.• The offeror will have a choice of issuing secured, unsecured or subordinated loan stock.• You can borrow between £500 and £7,500 with an unsecured Personal Loan and arrange all the details quickly and conveniently.From Longman Business Dictionaryunsecuredun‧se‧cured /ˌʌnsɪˈkjʊəd◂-ˈkjʊrd◂/ adjectiveFINANCE1an unsecured loan, debt etc is not protected by an agreement that if it is not paid the company borrowing the money has to give the lender certain assets, such as property or sharesLenders typically collect less than 10 cents on the dollar on unsecured loans in personal bankruptcy proceedings.2unsecured lender/creditor someone who lends money, without an agreement that if the debt is not paid, the company borrowing or owing the money has to give the lender certain assets, such as property or sharesUnder the terms of the reorganization, unsecured creditors will also receive newly issued common stock in the company. 