Define: Unsecured Credit

UK Accounting Glossary

Definition: Unsecured Credit


Quick Summary of Unsecured Credit




What is the dictionary definition of Unsecured Credit?

Dictionary Definition


An unsecured creditor is a person who is owed money by an organisation but who hasn’t arranged that in the event of non-payment specific assets would be available as a fund out of which that person could be paid in priority to other creditors.


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Full Definition of Unsecured Credit



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Unsecured Credit FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/unsecured-credit/
Modern Language Association (MLA):
Unsecured Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2019 https://payrollheaven.com/define/unsecured-credit/.
Chicago Manual of Style (CMS):
Unsecured Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/unsecured-credit/ (accessed: September 20, 2019).
American Psychological Association (APA):
Unsecured Credit. PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/unsecured-credit/

Definition Sources


Definitions for Unsecured Credit are sourced/syndicated from:


This glossary post was last updated: 4th May 2019.