UNSECURED DEBT
Unsecured Debt is a loan that does not have an underlying asset in the transaction to replace the money owed in case of incapability of payment. Unsecured debt takes many forms in our everyday life like medical bills, credit card debt, utility bills and other types of loans and credits that has an extension but has no collateral requirement. Lenders in this kind of transactions partake in a very risky business venture since they may resort to legal action to get back the money that they lent in the case that the borrower doesn’t pay back the whole amount or pay back at all. Due to the fact that unsecured debt have high risks because it has no collateral, it employs high interest rates. Unsecured debt may be erased via bankruptcy however this dramatic step may hinder financing for the coming seven to ten years.
POPULAR TERMS
Confining Condition
Positive Correlation
Profit-Sharing Plan
Random Walk Theory
Expectations Theory
POPULAR ARTICLE
SEE FOREX TUTORIAL
Digesting Financial Statements: Cash Flow
Buying a Home: Getting Pre-Approved for a Mortgage
An Introduction to the Basics of Economics
Buying a Home: Choosing the Best Location
Retirement Planning: The Significance of Retirement
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | Jan | |
| 07:00 | Leading Indicators | Jan | |
| 08:00 | Economy Watchers Survey | Feb | |
| 08:00 | Economy Watchers Survey | Feb | |
| 09:00 | Industrial Production | Jan | |
| 09:00 | Industrial Production | Jan | |
| 09:00 | Trade Balance | Jan | |
| 09:00 | Trade Balance | Jan | |
| 10:00 | SECO Consumer Confidence | Feb |
