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.
Successfully managing the information in a credit report increases your ability to receive lines of credit, making it easier to deal with the financial challenges in life. Types of Credit. There are two basic types of credit: secured and unsecured. Secured credit is a loan backed by an asset or collateral, such as a property, home, automobile or boat. Unsecured credit has no assets or collateral standing behind it. Credit cards, medical bills and student loans are examples of unsecured credit.