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A loan that is not backed by any specific physical collateral.
Lenders take on more risk with unsecured debt because no specific assets can be seized if the borrower defaults. As a result, companies typically must pay higher interest rates on these loans compared to secured loans.
CoreWeave beat sales expectations and raised its 2026 targets, even as borrowing costs climb and the company manages nearly $47 billion in debt.
CoreWeave shares surged nearly 25% following a strong third-quarter report that topped forecasts and lifted full-year projections, easing investor concerns over debt.