Generally, a loan obtained without pledging any security, as collateral, guarantor. etc.). The loan is thus based solely on the trustworthiness of the borrower. Blank loans are granted primarily to private customers, from where sometimes the name personal credit. – When it is often said in banking practice that unsecured loans are the most failsafe loans, this is to be understood as meaning that unsecured loans are granted only to the very first counterparties who offer security in their person that could hardly be surpassed by real collateral. – See Abstattungskredit, Akkommodierung, Anschaffungskredit, Barkredit, Bianco, Buchkredite, Darlehn, gedecktes, Konsumentenkredit, Kontokorrentkredit, Kredit, gedeckter, Kurantschulden, Personalkredit.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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