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 promissory note is commonly unsecured, which just means that it's not attached to a physical piece of property. A mortgage loan is a secured debt, meaning that the amount borrowed is backed by the real estate property the borrower purchases.n technical terms, a mortgage loan is a promissory note. The borrower agrees to pay the lender back the principal plus interest over a certain period of time in regular installments. If the borrower fails to pay back the mortgage, the lender can accelerate the debt, meaning that the entire debt becomes due.