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Fixed Income

Note

Unsecured debt refers to a type of loan that is not backed by any collateral, such as property or assets. This means that the lender cannot claim any specific assets in the event of default. It typically has a maturity period of up to 10 years from the time of issuance, after which the borrower is expected to repay the loan in full. This type of debt is commonly used by companies to raise capital for their operations.
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