TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

unsecured obligation [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2015-09-18

English

Subject field(s)
  • PAJLO
  • Law of Security
CONT

A promissory note is typically what is called an "unsecured" obligation. This means that in the event that the borrower declares bankruptcy, the debt secured by the note will only be repaid after all debts to "secured creditors" have been paid.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

obligation non garantie : terme normalisé par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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