Chirographary (unsecured debt)

Chirographary (unsecured debt)
The word chirographary derives from Greek “chiros-graphos”, where “chiros” means hand and “graphos” means writing. It means that the loan derives from a signed document. In relation to receivables, this expression is used to indicate a loan which is not backed, for example, by a mortgage, but only by the debtor’s word.
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