An unsecured loan is borrowing that is not backed by specific collateral or pledged assets. Because the lender does not have a direct claim over a particular asset, such loans usually depend more on the borrower’s creditworthiness and may carry a higher interest rate. In accounting, unsecured loans are shown as liabilities, but there is no related pledged asset arrangement attached to them.
Utilization Rate
Utilization rate measures how much of available capacity, time, or resources is actually being used. For example, it may show how much staff time...
Utility Expense
Utility expense is the cost incurred for essential services such as electricity, water, gas, internet, and similar operating utilities used in the business. These...
Usury
Usury refers to charging excessively high or unfair interest on loans beyond what is legally or ethically acceptable. Many jurisdictions regulate or prohibit usurious...
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