Here are some descriptions of Unsecured Loan which I found on the Internet (which is meant for porn, according to Avenue Q).
In finance, unsecured debt refers to any type of debt or general obligation that is not collateralised by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation.
A loan that is issued and supported only by the borrower's creditworthiness, rather than by some sort of collateral.
A person obtaining an unsecured loan agrees to pay back the loan within a set term and signs documents attesting to such. This type of loan can also be called a signature loan.
Here's JBlockbuster and LAProd's description of Unsecured Loan.
Low Angle Productions
In fact, we're so generous, we're giving you... UNSECURED LOAN 2!
Quoting the infamous line mid film, "Baby I'm a little tired...Can we talk later?"
Low Angle Productions Showreel 2008
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