Unsecured Bonds - Muthamposhasai

Japanese: 無担保社債 - ムタンポシャサイ
Unsecured Bonds - Muthamposhasai
When classifying corporate bonds based on whether they are secured or not, this refers to bonds that do not have collateral. Unsecured corporate bonds are currently the mainstream. If a corporate bond defaults, the face value and interest payments are not guaranteed.

Source: About Shogakukan Digital Daijisen Information | Legend

Japanese:
社債を担保の有無で分類する場合に、担保が設定されていない社債を指す。現在は無担保社債が主流。社債が債務不履行になった場合、額面金額や利払いは保証されない。

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