0 relating to a loan (= an amount of money that is lent) for which the person who has lent the money has no right to take property from the person who has borrowed it, if the money is not paid back:
2 relating to a loan for which the lender has no right to the property or other assets of the borrower if the money is not paid back:
Loans are unsecured and there is no lender of last resort.
Our initial experiments were set in a military command and control domain with a supply convoy moving through an unsecured area.
Among all the other items, unsecured loan notes made the most significant effect on the final result which experienced a 4550 per cent increase.
Clearly, a floating charge holder is better protected than an unsecured creditor.
The ability to provide unsecured loans, albeit on a limited scale, means that they can now guarantee to honour their members' cheques.
However, as building societies enter the area of unsecured lending, they may find that the banks have the advantage of greater expertise.
They are allowed to lend amounts up to 10,000 on an unsecured basis, and to lend money on second mortgages.
Lending and borrowing on this market is unsecured.
