UNSECURED Definition

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UNSECURED is obligation backed not by collateral but only by the integrity of the borrower. Opposite of secured.

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BUSINESS MATRIX, often used in business incubators, is where separate business entities join forces to advance the development of a start-up, e.g.., one firm may offer offices, another marketing/sales assistance or manufacturing expertise, etc. Such a matrix may receive compensation in the form of equity from the start-up being assisted by that business matrix.

PA is Public Accountant.

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