unsecured bond |
|
Definition
Bond issue that is backed only by the creditworthiness and reputation of the issuer, and not by any pledged asset. See also debenture.
email to a friend
print this definition
cite this definition
link to this page
unsecured bond is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
unsecured bond appears in the definition of the following term: junior security
This content can be found on the following page:
http://www.businessdictionary.com/definition/unsecured-bond.html