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LSDefine

Simple English definitions for legal terms

unsecured bond

Read a random definition: nuncupative will

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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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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