unsecured loan stock

= ULS; = unsecured debenture
A loan stock or debenture in which no specific assets have been set aside as a fund out of which the holders could be paid in priority to other creditors in the event of non-payment.

Accounting dictionary. 2014.

Look at other dictionaries:

  • unsecured loan stock — ULS; unsecured debenture A loan stock or debenture in which no specific assets have been set aside as a fund out of which the debenture holders could be paid in priority to other creditors in the event of non payment. Compare secured debenture …   Big dictionary of business and management

  • Irredeemable Convertible Unsecured Loan Stock - ICULS — A type of security that can be used to purchase underlying common shares. It is similar to a warrant except that it is subject to the conversion ratio. In essence, an ICULS provides the benefits of a bond until it is converted to an equity. ICULS …   Investment dictionary

  • Loan Stock — Common or preferred stock shares that are used as collateral to secure a loan from another party. The loan will earn a fixed interest rate, much like a standard loan, and can be secured or unsecured. A secured loan stock may also be called a… …   Investment dictionary

  • loan stock — Stock bearing a fixed rate of interest. Unlike a debenture, loan stock may be unsecured. Exchange Handbook Glossary Long term debt issued by a company in order to raise capital for which interest is paid. Financial Services Glossary * * * loan… …   Financial and business terms

  • unsecured debenture — See: unsecured loan stock …   Accounting dictionary

  • unsecured — un‧se‧cured [ˌʌnsɪˈkjʊəd◂ ǁ ˈkjʊrd◂] adjective FINANCE 1. an unsecured loan, debt etc is not protected by an agreement that if it is not paid the company borrowing the money has to give the lender certain assets, such as property or shares: •… …   Financial and business terms

  • loan — money lent at interest.A lender makes a loan with the idea that it will be paid back as agreed and that interest will be paid for the use of the money. Glossary of Business Terms Temporary borrowing of a sum of money. If you borrow $1 million you …   Financial and business terms

  • Loan — For other uses, see Loan (disambiguation). Finance Financial markets …   Wikipedia

  • secured and unsecured — Companies can issue a series of debentures or debenture stock, which essentially means secured loan stock. The instrument creates indebtedness owing by the company to the holder, usually carrying interest and maturing on a particular date when… …   Law dictionary

  • Secured loan — A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in… …   Wikipedia

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