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.
Unlike a home equity loan or line of credit, a personal loan is unsecured. This means your motorcycle or other asset will not be used as collateral. A personal loan is a great option when looking to finance your motorcycle. A personal loan comes with a fixed rate, a set payment schedule and no prepayment penalties. You can make extra payments, which would go toward the principal and reduce the overall interest paid.