TERMIUM Plus®

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UNSECURED TRANSACTION [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

An unsecured transaction is predicated on the borrower's promise to repay the loan or debt to the lender. In the event that the borrower defaults and is foreclosed, the lender is obliged to recoup his loss by pursuing the borrower through legal action.

French

Domaine(s)
  • PAJLO
  • Droit des sûretés
OBS

transaction 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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