unsecured bond

NOUN
  1. the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
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How To Use unsecured bond In A Sentence

  • The prices were slightly lower than the initial guidance on the senior unsecured bonds, which had been two percentage points on the shorter-term tranche and 2.15 percentage points on the longer-term tranche. New Securities Issues
  • An unsecured bond called a bond; its value rest upon the general credit of the corporation.
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