Define: Unsecured Loan Stock

Business, Legal & Accounting Glossary

Definition: Unsecured Loan Stock


Quick Summary of Unsecured Loan Stock


A loan stock or debenture in which no specific assets have been set aside as a fund out of which the holders could be paid in priority to other creditors in the event of non-payment.



What is the dictionary definition of Unsecured Loan Stock?

Dictionary Definition


A Unsecured Loan Stock (ULS) (also known as a Unsecured Debenture) is a loan stock or debenture in which no specific assets have been set aside as a fund out of which the holders could be paid in priority to other creditors in the event of non-payment.


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https://payrollheaven.com/define/unsecured-loan-stock/
Modern Language Association (MLA):
Unsecured Loan Stock. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 09, 2020 https://payrollheaven.com/define/unsecured-loan-stock/.
Chicago Manual of Style (CMS):
Unsecured Loan Stock. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/unsecured-loan-stock/ (accessed: April 09, 2020).
American Psychological Association (APA):
Unsecured Loan Stock. PayrollHeaven.com. Retrieved April 09, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/unsecured-loan-stock/

Definition Sources


Definitions for Unsecured Loan Stock 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: 10th August, 2019