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What are unsecured notes?

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28th Feb 2011 by admint

An unsecured note is a note that does not have a collateral. These are notes issued by finance companies usually from 3 months to 3 years. It offers higher maturity rate than debenture but lacks the security of debenture.

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16th May 2010 In Investing 1 Answers | 506 Views
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