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: --
The loans were also all unsecured (and were often alleged to have been granted ' wholly out of love ', de puro amore).
On the one hand, banks are now under less political pressure to stock their portfolios with unviable and unsecured loans to political clients, as was formerly the case.
In contrast, lending to a private individual, especially unsecured lending, is extremely risky and lenders would wish to be compensated by charging a much higher rate.
The measure of debt used here includes both secured and unsecured debt.
Anonymity in such a situation makes unsecured credit dangerous - but rating and hedging through anchoring, insider knowledge, and trust fill the market vacuum.
About 44 per cent had long-term leases of government lands, 20 per cent had unsecured short-term leases and another 10 per cent were squatting.
Loans can be secured or unsecured and have a fixed or floating interest rate.
Lending and borrowing on this market is unsecured.
