Credit
unsecured credit
Turkish: teminatsiz kredi
English Definition
Unsecured credit is a form of lending in which no collateral is required from the borrower to support the credit facility. Approval is granted primarily on the basis of the borrower's credit rating, cash flow projections, and overall financial health. Due to the absence of asset backing, unsecured credit facilities generally carry higher pricing and more restrictive covenants to mitigate lender exposure.
Türkçe Tanım
Teminatsiz kredi, borcalinin kredi tesisini desteklemek icin herhangi bir teminat sunmasinin gerekmedig borclanma bicimidir. Onay, esas olarak borcalinin kredi derecelendirmesi, nakit akim projeksiyonlari ve genel mali sagligi temelinde verilir. Varlik desteginin olmamasi nedeniyle teminatsiz kredi tesisleri, kredi verenin riskini azaltmak amaciyla genellikle daha yuksek fiyatlandirma ve daha kisitlayici sozlesme sartlari tasir.