unguaranteed
Add to My List
Definition(s):
- (adj) without financial security
Usage(s):
- The remaining $350 million in unguaranteed debt was also converted from 90-day term notes to an extended term loan calling for installment payments stretching into 1981.
- As such it was: 1) the biggest unguaranteed credit ever extended to a planemaker; 2) tangible evidence of Donald Douglas' faith in the future.
- In the tight-money market, banks and lending institutions have increasingly passed up FHA-backed loans to get the higher interest rates on unguaranteed mortgages.
Word of the Day
incendiary
/ɪn ˈsɛn di ɛ ri /
/ɪn ˈsɛn di ɛ ri /