Unsecured Note
January 30, 2014 | | Kris Tabetando | 0 Comment
An unsecured note is a form of debt in which no collateral is pledged to secure the debt. This is the opposite of a secured note in which collateral is used.
As such, due to the higher risk level in an unsecured note, interest rates are generally higher on unsecured notes than secured notes. In website deals involving seller financing, a promissory note is generally used. This can be a secured or unsecured note.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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