UNSECURED BOND

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future

Synonyms:

debenture; debenture bond; unsecured bond

Classified under:

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)

Antonym:

secured bond (a bond that is back by collateral)

Credits