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unsecured loan 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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Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.

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unsecured loan definition

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