ickesäkerställda

Ickesäkerställda is a Swedish term used in finance and law to describe debts or claims that are not secured by collateral or guarantees. It is often equated with the English term unsecured. The adjective highlights that no asset serves as security for the debt, in contrast to secured or collateralized claims.

Origin and usage

The word is formed from icke (not) and säkerställda (secured). In Swedish banking, accounting, and insolvency contexts, ickesäkerställda fordningar or ickesäkerställda fordringar refer to claims that do not have a lien, mortgage, guarantee, or other form of security backing them. The form can appear as ickesäkerställda or icke-säkerställda, with hyphenation commonly used in older or formal texts.

Priority and risk

Unsecured claims typically carry higher risk for creditors because they are not guaranteed by specific assets. As a result, in insolvency or liquidation, secured creditors with collateral are paid first, and unsecured creditors may receive only a portion of available assets or nothing at all. This risk profile is generally reflected in higher interest rates or stricter lending terms for ickesäkerställda financing.

Contexts and nuances

The term is most common in corporate finance, lending agreements, and bankruptcy discussions. In everyday language, phrases like “utan säkerhet” (without security) may be used interchangeably. The exact implications of ickesäkerställda can vary by jurisdiction and contractual terms.

See also

Säkerställda fordringar (secured claims), konkurs (insolvency), förmånsrätt (priority rights).