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Dictionary entry overview: What does unsecured bond mean?
• UNSECURED BOND (noun)
The noun UNSECURED BOND has 1 sense:
1. a bond that is backed by the credit of the issuer but not by any specific collateral
Familiarity information: UNSECURED BOND used as a noun is very rare.
Dictionary entry details
|Sense 1||unsecured bond [BACK TO TOP]|
A bond that is backed by the credit of the issuer but not by any specific collateral
Nouns denoting possession and transfer of possession
Hypernyms ("unsecured bond" is a kind of...):
bond; bond certificate (a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal)
secured bond (a bond that is back by collateral)
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