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Unsecured loan - Wikipedia, the free encyclopedia

An unsecured loan is a loan that is not backed by collateral. Also known as a signature loan or personal loan. Unsecured loans are based solely upon the borrower's credit rating.

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Unsecured debt - Wikipedia, the free encyclopedia

In finance, unsecured debt refers to any type of debt or general obligation that is not collateralized by a lien on specific assets of the borrower in a bankruptcy or liquidation.

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