unsecured bond

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Noun1.unsecured bond - the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
secured bond - a bond that is back by collateral
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References in periodicals archive ?
announces Private Placement of Non-Convertible Unsecured Debentures and Closing of First Tranche
(TSXV: LPC) ("LPCP" or the "Corporation") is pleased to announce a non-brokered private placement offering of non-convertible and unsecured debentures of the Corporation (the "Debentures") for an aggregate principal amount of up to $4,500,000 (the "Offering") and the closing of the first tranche of the Offering in the amount of $3,199,000 (the "First Tranche").
--Senior unsecured debentures revised to 'AAA(bra)' from 'AA+(bra)'.
The bank is to issue 41,159 non-convertible, taxable, redeemable, subordinated, unsecured debentures. Interest is to be paid annually for a tenure of 10 years with a call option after five years.
GLA fully amortized its outstanding 6th series of debentures, which paid a coupon of 132 percent of the Brazilian CDI interbank rate, in the total amount of BRL 1.025 billion and issued a new single series of non-convertible and unsecured debentures in the amount of BRL 887.5 million, resulting in a net indebtedness reduction of BRL 137.5 million.
In addition, between 18 November 2014 and 5 May 2015, Morguard acquired Series C convertible Unsecured debentures, Series D convertible Unsecured debentures, Series E convertible Unsecured debentures and Series F convertible Unsecured of Temple Hotels.
Cameco (CCO) announced that it had priced a public offering of unsecured debentures consisting of CAD400 million 3.75% Series E Debentures having a term of 10 years and CAD100 million 5.09% Series F Debentures having a term of 30 years.
Sherritt International Corporation (TSX:S), a company involved in the mining and refining of nickel from lateritic ores, with projects and operations in Canada, Cuba, Indonesia and Madagascar, has announced the price of seven-year Senior Unsecured Debentures.
The company expanded its series 9 unsecured debentures, which bear interest of 5.30 percent, are adjusted to the consumer price index and mature in 2018.
Initially, Millennium Cell said $6 million will be made available in the form of unsecured convertible debentures, with $4 million additional unsecured debentures available at the company's option.
Moody's lowered Albertson's senior unsecured debentures, notes, bonds and medium-term notes to Baa1 from A2, its senior unsecured shelf to (P)Baa1 from (P)A2, and its commercial paper to Prime-2 from Prime-1.