An investment like a bond where you are lending money to a government or company based only on their reputation. The borrower does not back the loan with any collateral.
Important: The information on this website does not constitute legal, financial or other professional advice but provides information for general reference purposes only. Every effort is made to ensure that the information given herein is of sound quality but no legal responsibility is accepted for any errors, omissions or misleading statements in the information, caused by negligence or otherwise.