A loan that isn’t backed by any collateral security. This is a type of debt offering which is backed only by the reputation of the issuer. An example of this would be a bond or a promissory note.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser