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Personal Finance Glossary

U.S. Savings Bonds U.S. Treasury Bill U.S. Treasury Bond U.S. Treasury Note U.S. Treasury Securities Underwriter Uniform Simultaneous Death Act Unilateral Uninsurable Risk Universal Life Insurance Unlimited Marital Deduction Unsecured Debt

Unsecured Debt A debt to which no collateral has been attached. If a borrower defaults on an unsecured debt, the creditor is not able to seize the debtor's property in order to satisfy the debt. Instead, the creditor must seek a judgment against the debtor in court.

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