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 difference between an unsecured and a secured promissory note is that a secured note is guaranteed by a certain asset, such as a home or vehicle, whereas an unsecured note does not have any collateral associated with it.Nearly all different types of loans will have a promissory note attached.n unsecured promissory note indicates a borrower's intention to repay a loan to the lender as detailed in the promissory note itself.