Unsecured debt
（重定向自Signature loan）
![](/Images/godic/202502/11/Vereinigte_Ostindische_Compagnie_bond0758.jpg")
In finance, unsecured debt refers to any type of debt or general obligation that is not protected by a guarantor, or collateralized by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.