Unsecured claim

A claim or debt for which a creditor holds no special assurance of payment, such as a mortgage or lien; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay.

Source: U.S. Courts


In bankruptcy, debts such as open accounts at department stores for which the debtor has not pledged collateral to guarantee payment.

Source: U.S. Courts