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.
The first party is the creditor, which is the lender of property, service or money. Creditors can be broadly divided into two categories: secured and unsecured. A secured creditor has a security or charge, which is some or all of the companyâs assets, to secure the debt owed to him. This could for example be a mortgage, where the property represents the security. An unsecured creditor does not have a charge over the companyâs assets. The term creditor is frequently used in the financial world, especially in reference to short-term loans, long-term bonds, and mortgage loans.