Unsecured Debt

Business, Legal & Accounting Glossary

Definition: Unsecured Debt


Unsecured Debt

Quick Summary of Unsecured Debt


A debt that is not tied to any item of property. A creditor doesn’t have the right to grab property to satisfy the debt if you default. The creditor’s only remedy is to sue you and get a judgment. Compare secured debt.




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-debt/
Modern Language Association (MLA):
Unsecured Debt. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
January 19, 2022 https://payrollheaven.com/define/unsecured-debt/.
Chicago Manual of Style (CMS):
Unsecured Debt. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/unsecured-debt/ (accessed: January 19, 2022).
American Psychological Association (APA):
Unsecured Debt. PayrollHeaven.com. Retrieved January 19, 2022
, from PayrollHeaven.com website: https://payrollheaven.com/define/unsecured-debt/

Definition Sources


Definitions for Unsecured Debt are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd April, 2020 | 0 Views.