Unsecured credit

Unsecured credit

Loan granted on the strength of the borrower's credit history or reputation. Opposite: secured credit.

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Part of Speech: noun
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Blossary:
Industry/Domain: Banking
Category: Investment banking
Company: UBS
Product:
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Related terms

unsecured credit

Banking; Investment banking

Loan granted on the strength of the borrower's credit history or reputation. Opposite: secured credit.

credit

Financial services; Real estate investment

As an accounting term, credit means a bookkeeping entry on the right side of an account recording the reduction or elimination of an asset or an expense, or the creation of or ...

credit

Banking; Investment banking

Also: loan. Legal operation by which the creditor transfers money to the borrower which he/she must repay at the end of the term, when called or in instalments. Loans must be ...

credit

Professional careers; Sales

The allowance of time in which to pay for a purchase.

credit

Education; Colleges & universities

Every course in a university is accorded a credit value, anywhere from 1 to 5 credits. A student will earn a degree upon completing the pre-requisite credits and fulfill all other ...

credit

Economy; Economics

A loan extended or (sometimes) taken by, for example, delayed payment of an invoice.

dirty floating

Banking; Investment banking

Currency policy which in principle recognizes the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the ...

economic viability

Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

summary bill enforcement procedure

Banking; Investment banking

Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.

share index

Banking; Investment banking

Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss ...

benchmark

Banking; Investment banking

Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.

standing order

Banking; Investment banking

Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.

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