unsecured

Definition

A loan or obligation with no collateral backing it up—basically a financial relationship built entirely on trust and optimism. It's like lending money to your friend with only a pinky promise as insurance.

Example Usage

The credit card debt was unsecured, meaning the bank had no claim on his property.

Source: Banking/Finance terminology

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ROI (Return on Investment)

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parity

The state of being equal or equivalent, whether in prices, power, or purchasing ability across markets. In finance, it's used for everything from currency exchange rates to comparing values between different assets. Economists love this word because it makes 'same-same' sound sophisticated, and it's fundamental to understanding why your dollar doesn't buy as much abroad.

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write-down

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💰 Finance / Accounting

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