A Euro-Commercial Paper (ECP) is a short-term unsecured promissory note issued by companies, typically denominated in a currency other than the issuer's domestic currency, to raise capital in international money markets.
Subordinated debt is a type of unsecured debt that can only be claimed by a creditor after the claims of secured creditors have been met, particularly in the event of a liquidation.
Unsecured debt is an obligation or loan that is not backed by the pledge of specific collateral as security for the repayment of the debt.
Unsecured Loan Stock (ULS) refers to a type of loan stock or debenture that is not backed by specific assets, making it a type of unsecured debt.
