uncollateralized en · ADJ
Etymology
From un- + collateralized.
Meanings
-
(not-comparable) Not collateralized.
Today, a bank can borrow dollars on an uncollateralized basis for a month in the interbank market for about 0.30 percent, which is more attractive than a Fed loan requiring full collateral, even if it is slightly cheaper.
2009 June 23, Dwight Cass, Christopher Hughes, “Unwinding Fed Support”, in New York Times:The bank [Bank of Japan] kept its policy rate, an uncollateralized overnight call rate, at 0.5% the same day.
2025 May 1, Jada Nagumo, “BOJ governor keeps rate hike in play but stresses 'high uncertainty'”, in Nikkei, archived from the original on 01 May 2025: