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.
Source: wiktionary
Uncollateralized
Synonyms for "uncollateralized" (1 found)
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Closest matches (1)
Adjective(1 words)
Sample sentences
2 total sentences available.
The bank [Bank of Japan] kept its policy rate, an uncollateralized overnight call rate, at 0.5% the same day.
Source: wiktionary