unsecured
not protected or guaranteedThe loan was unsecured, meaning no collateral was required.
This means the borrower didn't need to provide assets as security.
Not protected by a guarantee or collateral
An unsecured loan is based solely on the borrower's creditworthiness.
This type of loan doesn't require pledging assets as security.
Common in personal loans, credit cards, and some business financing.
Not protected by legal or physical safeguards
The witness provided unsecured testimony without legal protection.
This means the testimony wasn't guaranteed confidentiality or immunity.
Used in legal contexts where protection measures are absent.
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Pro Tip
Financial Context
In finance, 'unsecured' typically means no collateral is required, but interest rates may be higher due to increased risk.
Gold Rule
Legal vs. Financial Use
In legal contexts, 'unsecured' refers to lack of protection, while in finance it refers to lack of collateral.
Word Origin
From 'un-' (not) + 'secured' (protected or guaranteed)
Usage Notes
Primarily used in financial contexts to describe loans or debts without collateral. In legal contexts, it refers to information or agreements lacking formal protection.