Secured bonds are seen as less risky than unsecured bonds because investors are compensated at least somewhat for their investment in the event of default. (investopedia.com)
3Tousa's operations were financed in large part by issuances of unsecured bond indebtedness and a revolving credit facility, under which most of the numerous Tousa entities were jointly and severally liable as borrowers, pledgors and / or guarantors. (thompsonhine.com)
Releasing the defendant on unsecured bond (meaning the defendant does not have to pay money upfront, but will have to pay the amount of the bond if he or she fails to appear) (yourlegalguide.com)