Unsecured Note

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Unsecured Note

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An unsecured note is a note that is not backed by any sort of collateral. This represents the most risk for lenders and the least for borrowers. As a result, unsecured notes typically carry a higher interest rate than secured notes.

Last update: May 23 2008, 7:59 PM EDT by reinvestor (content history | content tools) (help)

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