Unsecured Claim
Legal definition for Indian law research
Definition
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: Administrative Office of the U.S. Courts
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.