UNSECURED Meaning and
Definition
-
Unsecured refers to something that lacks security, protection, or collateral. It describes a state or condition where an item, asset, or transaction is not supported or guaranteed by a specific form of collateral or pledge that can be seized or used to cover any potential losses in case of default.
In financial terms, unsecured often pertains to loans, debts, or credit arrangements that are not backed by any specific assets or tangible property. These types of loans are typically based on the borrower’s creditworthiness, income, and credit history. Without any collateral, lenders face a higher risk when offering unsecured loans, as they have no physical assets to recover their money in the event the borrower defaults on the loan. Due to the increased risk, unsecured loans often have higher interest rates and more stringent eligibility criteria.
Moreover, unsecured can also describe a network or system that lacks protection against unauthorized access or breaches. In the realm of cybersecurity, an unsecured system refers to a vulnerable computer network, device, or online platform that is susceptible to hacking, data breaches, or malicious activities. It means that either the security measures are not in place or are weak, allowing unauthorized individuals to gain access to sensitive information and potentially misuse it.
-
Not guarded effectually from danger.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for UNSECURED *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for UNSECURED
Etymology of UNSECURED
The word "unsecured" has its etymology rooted in the combination of the prefix "un-" and the past participle form of the verb "secure".
The term "secure" comes from the Latin word "securus", which means "free from care" or "fearless". The prefix "un-" is derived from Old English and is mainly used to denote negation or reversal. Therefore, when combined, the prefix "un-" implies the opposite or absence of being secure. Consequently, the term "unsecured" denotes a lack of security or not being protected.
Similar spelling words for UNSECURED
Infographic
Add the infographic to your website:
