unsecured bond

Definitions of unsecured bond
  1. noun
    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
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    Antonyms:
    secured bond
    a bond that is back by collateral
    type 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
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