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Meaning of unsecured debt | Babel Free

Noun CEFR B2

Definitions

Any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation.

countable, uncountable

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

unsecureness unsecurity unseductiveness Unsee unseeability Unseeable

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