Use 'collective bargaining' in a Sentence Thanks to the collective bargaining within the company, we can now receive discounts on our medical coverage and pay for sick days. 25 people found this helpful Due to the process of collective bargaining, the productivity of our factory has increased by a substantial margin since the beginning of the contract. 14 people found this helpful Much of modern labor would be changed for the worse if history hadn't had people organize their labor through collective bargaining.
Unsecured Debt. In contrast, unsecured debt is debt that is not secured by collateral, such as credit card debt, medical bills, or lawsuit judgments against you. Unsecured creditors cannot take any property to satisfy their debts.
a security interest, it is important to understand the legal process if a creditor does not have. security interest (i.e., is unsecured). If the creditor makes an unsecured loan or extends. unsecured credit to a debtor, and the debtor defaults, then the creditor must commence an action. and obtain a judgment. After the judgment is obtained, the creditor cannot simply take the. debtor's property.