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Credit Card Glossary - U

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Unsecured claim
A claim or debt for which a creditor holds no special assurance of payment, unlike a mortgage or lien; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay.
Unsecured Debt
Debt that is not backed by the promise of any collateral, such as a savings deposit. Most credit cards are unsecured debt. To compensate for this additional risk, credit card issuers charge higher interest rates than other forms of lending such as a home mortgage.
Unsecured Loan
An advance of money that is not secured by collateral.
Usage Data
Data about where an individual goes and how much time is spent at a specific site. This is particularly useful for advertisers, whose payments are based on how many times the Web page containing their advertisement is viewed. Also, online services such as America Online must track a user's sign-on and sign-off times for billing purposes.
Usurious Rate
A rate based on unnecessarily or unlawfully high interest; act or practice of lending money at high interest; sometimes intangible property taxes are applied to income from usurious rates.
Illegal, excessive interest.