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unsecured loan

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

A loan from a bank or other lender for which the borrower is not required to pledge assets as
collateral for the loan.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

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