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LSDefine

Simple English definitions for legal terms

unsecured bond

Read a random definition: Specially Designated Nationals and Blocked Persons List

A quick definition of unsecured bond:

An unsecured bond is a type of loan that a company takes out, which is not backed by any specific asset. This means that if the company is unable to pay back the loan, the lender cannot take possession of any of the company's assets to recover their money. Instead, the lender relies on the company's reputation and creditworthiness to ensure that they will be paid back. Unsecured bonds are also known as debentures or plain bonds.

A more thorough explanation:

An unsecured bond, also known as a debenture, is a type of bond that is not backed by any specific asset or collateral. Instead, it is only secured by the general credit and financial reputation of the issuer.

For example, if a company issues unsecured bonds, investors who purchase these bonds are relying solely on the company's ability to pay back the debt based on its overall financial health and creditworthiness. If the company were to default on the bond, the investors would not have any specific assets to claim as collateral.

There are different types of debentures, including:

Overall, unsecured bonds are considered riskier than secured bonds because there is no specific collateral to back them up. However, they may offer higher yields to compensate for this added risk.

unseaworthy | unsecured claim

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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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