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1 необеспеченный вексель
Русско-английский словарь по экономии > необеспеченный вексель
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2 необеспеченный вексель
банковые билеты; векселя — circulating notes
простой вексель; долговая расписка — note of hand
Бизнес, юриспруденция. Русско-английский словарь > необеспеченный вексель
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3 pagaré quirografario
• note without collateral• unsecured note -
4 Schuldschein
Schuldschein m 1. BANK acknowledgement of indebtedness, promissory note, PN, P/N; 2. FIN promissory note, PN, P/N; 3. GEN I owe you, IOU; 4. VERSICH bond; 5. RECHT acknowledgement of debt (schriftliches Schuldanerkenntnis als Beweisurkunde)* * *m 1. < Bank> acknowledgement of indebtness, promissory note (PN, P/N) ; 2. < Finanz> promissory note (PN, P/N) ; 3. < Geschäft> I owe you (IOU) ; 4. < Versich> bond; 5. < Recht> schriftliches Schuldanerkenntnis als Beweisurkunde acknowledgement of debt* * *Schuldschein
bond [of indebtedness], I.O.U. (I owe you), loan receipt, [debt] obligation, writing obligatory, bill of debt, bill obligatory, dog (US), (Aktiengesellschaft) corporate bond, certificate (bond) of indebtedness, (Kommunalschuldschein) municipal (county) warrant, (Makler) sales note, (Schuldverschreibung) bond, debenture, note, warrant (US);
• durch Schuldschein gesichert debentured;
• erstklassig abgesicherter Schuldschein iron-clad note;
• beim Tod eines Dritten fälliger (fällig werdender) Schuldschein post-obit bond (Br.);
• festverzinsliche Schuldscheine fixed-rates notes;
• durch Gestellung von Sicherheiten gedeckter Schuldschein secured (collateral, US) note;
• dinglich gesicherter Schuldschein borrower’s note against ad rem security;
• hypothekarisch gesicherter Schuldschein principal note;
• durch Lombardierung von Wertpapieren gesicherter (lombardgesicherter) Schuldschein secured note, stock note (US);
• kurzfristige Schuldscheine short[-term] notes (US);
• persönlicher Schuldschein individual bond;
• prolongierter Schuldschein renewed note;
• steuerfreier Schuldschein tax-exempt note;
• überfälliger Schuldschein past-due note;
• uneingeschränkter Schuldschein absolute bond;
• ungesicherter Schuldschein plain (unsecured) bond, unsecured note;
• kurzfristiger durch Makler verkaufter Schuldschein street paper (US);
• vorläufiger Schuldschein interim bond;
• Schuldschein mit Unterwerfungsklausel (Zwangsvollstreckungsklausel) judgment (instalment, US) note;
• Schuldschein mit variablem Zinssatz floating-rate note;
• Schuldschein ausstellen to make a promissory note, to sign a bond;
• Schuldschein bezahlen to lift a promissory note;
• Schuldschein einlösen to discharge a bond;
• Schuldscheinaussteller recognizor;
• Schuldscheindarlehn loan against borrower’s note, open-market credit;
• kommunales Schuldscheindarlehn registered warrant;
• Schuldscheindarlehnsurkunde open-market paper;
• Schuldscheinemissionen mit Zinsscheinen coupon issues;
• Schuldscheinforderung bonded debt;
• Schuldscheinhandel commercial paper trade;
• Schuldscheininhaber noteholder, (Kommunalwesen) warrant (certificate) creditor;
• Schuldscheinkurse note prices;
• Schuldscheinmarkt commercial paper (note) market;
• Schuldscheinverpflichtungen (Bilanz) notes payable (US), (Kommunalwesen) net bonded debt;
• bezahlte Schuldscheinzinsen debenture interest paid. -
5 необеспеченный
1. uncoveredнепокрытые бумажные деньги; необеспеченный — uncovered money
2. uncovered money3. unsecured -
6 необеспеченный вексель
Economy: uncovered bill, uncovered note, unsecured bill, unsecured noteУниверсальный русско-английский словарь > необеспеченный вексель
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7 ungesicherter Schuldschein
ungesicherter Schuldschein
plain (unsecured) bond, unsecured noteBusiness german-english dictionary > ungesicherter Schuldschein
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8 pagaré quirografario
m.note without collateral, unsecured note. -
9 documento por pagar sin garantía
• unsecured short-term note payableDiccionario Técnico Español-Inglés > documento por pagar sin garantía
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10 простой необеспеченный вексель
Banks. Exchanges. Accounting. (Russian-English) > простой необеспеченный вексель
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11 ungedeckt
ungedeckt adj 1. BANK unsecured (Kredit); 2. FIN uncovered* * ** * *ungedeckt
uncovered, without cover (security), unbacked, (Banknoten) fiduciary, (Rechnung) unsettled, unpaid;
• ungedecktes Konto unsecured account;
• ungedeckter Kontokorrentkredit uncovered advance;
• ungedeckter Kredit insecured (uncovered) credit;
• ungedeckte Notenausgabe fiduciary issue (Br.);
• ungedeckter Notenumlauf fiduciary circulation (Br.);
• ungedecktes Papiergeld uncovered (fiduciary, Br.) paper money;
• ungedeckter Personalkredit fiduciary loan;
• ungedeckter Saldo uncovered balance;
• ungedeckter Scheck uncovered check (US) (cheque, Br.), rubber check (US), bouncing cheque (Br.);
• ungedeckte Schecks ausstellen to issue bad checks (US) (cheques, Br.);
• ungedeckte Schuld unsecured debts;
• ungedeckter Wechsel bill not provided for, uncovered note (bill), kite (Br.). -
12 Not
f; -, Nöte1. nur Sg.; (Mangel, Armut) want, need, poverty; (Notlage) plight; (Elend) auch misery; wirtschaftliche Not economic plight; Not leiden suffer want ( oder privation); die Not leidende Bevölkerung the needy people; in der Stunde der Not at the hour of need; für Zeiten der Not for a rainy day; in Not geraten / sein encounter hard times / be suffering want; keine Not kennen be well-off; Not macht erfinderisch necessity is the mother of invention; in der Not frisst der Teufel Fliegen umg. any port in a storm, beggars can’t be choosers; Not kennt kein Gebot Sprichw. necessity knows no law; Not lehrt beten Sprichw. need teaches you how to pray2. (Schwierigkeit) difficulty, trouble; (Bedrängnis) distress; (Gefahr) danger; Nöte difficulties, problems; in tausend Nöten sein be in real trouble ( oder a real mess); in Not sein be in trouble; in Not geraten run into difficulties; in höchster Not in dire straits; Rettung in oder aus höchster Not rescue from extreme difficulties; in meiner etc. Not in my etc. predicament3. nur Sg. (Mühe): seine liebe Not haben have a hard time (of it); mit jemandem / etw. seine liebe Not haben have a hard time with s.o. / s.th; ich hatte meine liebe Not, wieder ans Ufer zu schwimmen I had great difficulty in swimming back to the bank; ohne Not without any problem4. nur Sg.; (Notwendigkeit) necessity; damit hat es keine Not it’s not urgent; ohne Not solltest du das nicht tun you shouldn’t do that unless it’s really necessary; zur Not if necessary, if need be; (gerade noch) at (Am. in) a pinch; stärker: if (the) worst comes to (the) worst; wenn Not am Mann ist if need be; stärker: if (the) worst comes to (the) worst; hier ist oder tut Hilfe Not geh. I etc. need help here; es täte dir Not zu (+ Inf.) Dial. you would do well to (+ Inf.), what you really need is to (+ Inf.) aus der Not eine Tugend machen make a virtue of necessity; der Not gehorchend geh. bowing to necessity; siehe auch Mühe, knapp I* * *die Not(Bedrängnis) hardship; distress;(Mangel) privation; need; want* * *[noːt]f -, -e['nøːtə]hier herrscht große Nót — there is great poverty here
eine Zeit der Nót — a time of need, a lean time
aus Nót — out of poverty
Nót leiden — to suffer deprivation
Nót leidend (Bevölkerung, Land) — impoverished; Unternehmen, Wirtschaft ailing; (Comm) Wechsel, Wertpapier dishonoured (Brit), dishonored (US); Kredit unsecured
in Nót leben — to live in poverty
Nót macht erfinderisch (Prov) — necessity is the mother of invention (Prov)
in der Nót schmeckt jedes Brot (Prov) — beggars can't be choosers (prov)
Nót kennt kein Gebot (Prov) — necessity knows no law (Prov)
See:in seiner Nót — in his hour of need
in unserer Nót blieb uns nichts anderes übrig — in this emergency we had no choice
jdm seine Nót klagen — to tell sb one's troubles, to cry on sb's shoulder (inf)
in Nót sein — to be in distress
in Nót geraten — to get into serious difficulties
wenn Nót am Mann ist — if the need arises
Freunde in der Nót (gehen tausend auf ein Lot) (Prov) — a friend in need (is a friend indeed) (Prov)
der Retter in der Nót — the knight in shining armour (Brit) or armor (US)
Hilfe in höchster Nót — help in the nick of time
in höchster Nót sein, sich in höchster Nót befinden — to be in dire straits
in Ängsten und Nöten schweben — to be in fear and trembling
jdm in der Nót beistehen —
jetzt ist Holland in Nót! — now we're in dire straits!
er hat seine liebe Nót mit ihr/damit — he really has problems with her/it, he really has his work cut out with her/it (inf)
die Eltern hatten Nót, ihre fünf Kinder zu ernähren —
es hat or damit hat's keine Nót (old) — there's no rush
See:4) (= Zwang, Notwendigkeit) necessityder Nót gehorchend — bowing to necessity
etw nicht ohne Nót tun — not to do sth without having to
ohne Nót — without good cause
zur Nót — if necessary, if need(s) be
aus der Nót geboren sein — to be born of necessity
aus der Nót eine Tugend machen — to make a virtue (out) of necessity
Nót sein — to be necessary
See:→ nottun* * *(poverty or other difficulty: Many people are in great need.) need* * *<-, Nöte>[ˈno:t, pl ˈnø:tə]fdas war eine Zeit der \Not it was a time of need, a lean timees herrscht bittere \Not there is abject povertyin diesem Land herrscht große \Not there is great poverty and hardship in this countryaus \Not out of povertyin \Not geraten to encounter hard timesin \Not leben to live in poverty\Not leiden to live in poverty, to suffer deprivation\Not leidend destitute\Not leidende Menschen people in need2. (Bedrängnis) distress, afflictionjdm in der \Not beistehen to support sb at a difficult time, to help sb in times of troublein \Not geraten to get into difficulties [or dire straits]jdm in der Stunde der \Not helfen to help sb in her/his hour of needjdm seine \Not klagen to pour out one's troubles to sbin seiner/ihrer \Not in his/her distress [or desperation]in seiner \Not wusste er sich nicht anders zu helfen he couldn't see what else he could doin höchster \Not in extremisRettung in höchster \Not rescue in extremisHilfe in höchster \Not help in the nick of timedie Nöte des Alltags humdrum problems, the problems of everyday livingin Ängsten und Nöten schweben to be hot and bothereddie Nöte des kleinen Mannes the average person's problemsin tausend Nöten sein to be up to one's hips in alligators fam4. kein pl (Mühe, Sorge) difficulty, troublesie hatten \Not, ihre sechs Kinder zu ernähren they had difficulty in feeding their six childrenseine liebe \Not haben mit jdm/etw to have one's work cut out with sb/sth, to have a lot of trouble [or problems] with sb/sthsie hat ihre liebe \Not mit ihrem Sohn she really has her work cut out with her sonseine liebe \Not haben, etw zu tun to have one's work cut out doing sthmit knapper \Not just, by the skin of one's teethdamit hat es keine \Not there's no rushohne \Not sollte man nicht zu so drastischen Maßnahmen greifen if there is no need, one shouldn't resort to such drastic measuresim Deutschen werden oft ohne \Not Anglizismen für die Bezeichnung neuer Gegenstände verwendet in German, Anglicisms are often used for describing new articles when there is actually no need [to use foreign words]der \Not gehorchend out of necessitytun, was die \Not gebietet to do what has to be doneetw nicht ohne \Not tun not to do sth without having to6.▶ wenn die \Not am größten, ist Gottes Hilfe am nächsten (prov) man's extremity is God's opportunity prov▶ [da/jetzt/bei ihm ist] Holland in \Not [o Nöten] (prov) things are looking grim, now we are in for itdas sind mir gute Freunde, wenn \Not am Mann ist, haben sie sich alle verdünnisiert! that's what I call good friends — when I/you really needed them they all cleared off!eigentlich wollte ich morgen zum Angeln gehen, aber wenn wirklich \Not am Mann ist... actually, I wanted to go fishing tomorrow but if you're really stuck...▶ in \Not und Tod zusammenhalten to stick together through thick and thin▶ aus der \Not eine Tugend machen to make a virtue out of necessity▶ zur \Not if need[s] be* * *die; Not, NöteRettung in od. aus höchster Not — rescue from extreme difficulties
2) o. Pl. (Mangel, Armut) need; poverty [and hardship]Not leiden — suffer poverty or want [and hardship]
3) o. Pl. (Verzweiflung) anguish; distress4) (Sorge, Mühe) troubleseine [liebe] Not mit jemandem/etwas haben — have a lot of trouble or a lot of problems with somebody/something
zur Not — if need be; if necessary
Not tun or sein — (geh., landsch.) be necessary
* * *wirtschaftliche Not economic plight;Not leiden suffer want ( oder privation);die Not leidende Bevölkerung the needy people;in der Stunde der Not at the hour of need;für Zeiten der Not for a rainy day;in Not geraten/sein encounter hard times/be suffering want;keine Not kennen be well-off;Not macht erfinderisch necessity is the mother of invention;in der Not frisst der Teufel Fliegen umg any port in a storm, beggars can’t be choosers;Not kennt kein Gebot sprichw necessity knows no law;Not lehrt beten sprichw need teaches you how to prayNöte difficulties, problems;in tausend Nöten sein be in real trouble ( oder a real mess);in Not sein be in trouble;in Not geraten run into difficulties;in höchster Not in dire straits;aus höchster Not rescue from extreme difficulties;in meiner etcNot in my etc predicament3. nur sg (Mühe):seine liebe Not haben have a hard time (of it);mit jemandem/etwas seine liebe Not haben have a hard time with sb/s.th;ich hatte meine liebe Not, wieder ans Ufer zu schwimmen I had great difficulty in swimming back to the bank;ohne Not without any problemdamit hat es keine Not it’s not urgent;ohne Not solltest du das nicht tun you shouldn’t do that unless it’s really necessary;zur Not if necessary, if need be; (gerade noch) at (US in) a pinch; stärker: if (the) worst comes to (the) worst;wenn Not am Mann ist if need be; stärker: if (the) worst comes to (the) worst;aus der Not eine Tugend machen make a virtue of necessity;* * *die; Not, Nöte1) (Bedrohung, Gefahr)Rettung in od. aus höchster Not — rescue from extreme difficulties
2) o. Pl. (Mangel, Armut) need; poverty [and hardship]Not leiden — suffer poverty or want [and hardship]
3) o. Pl. (Verzweiflung) anguish; distress4) (Sorge, Mühe) troubleseine [liebe] Not mit jemandem/etwas haben — have a lot of trouble or a lot of problems with somebody/something
zur Not — if need be; if necessary
Not tun or sein — (geh., landsch.) be necessary
* * *¨-e f.distress n.(§ pl.: distresses)hardship n.misery n.necessity n.need n. -
13 необеспеченное долговое обязательство
1) General subject: debenture ((США) Long term unsecured debt instrument, issued pursuant to an indenture. A promissory note or bond backed by the general credit and earning history of a corporation and usually not secured by a mort)2) Banking: naked debenture3) EBRD: unsecured bondУниверсальный русско-английский словарь > необеспеченное долговое обязательство
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14 credito
m creditfig trust( attendibilità) reliabilitycomprare a credito buy on creditdare credito a qualcosa believe somethingfare credito a qualcuno give s.o. credit* * *credito s.m.1 ( il credere, l'essere creduto) credit: dar credito a, to give credit to; trovar credito, to gain acceptance; è una teoria che non trova più credito, it is an exploded theory2 ( reputazione) credit, reputation, esteem; (comm.) credit standing, status: è un medico di molto credito, he's a doctor with a good reputation; godevano di molto credito, they were held in high esteem3 (econ., comm.) credit: far credito a qlcu., to grant (o to give) s.o. credit; riscuotere un credito, to collect (o to recover) a debt; essere in credito con qlcu., to have credit with s.o. (o to be s.o.'s creditor); non si fa credito, no credit // a credito, on credit (o trust), (amer.) on the arm (o on the nod), (amm.) on the credit side: vendere merci a credito, to supply goods on trust // metteremo la somma a Vs. credito, we shall credit you with the amount // credito a breve scadenza, short (o short-term) credit; credito a lunga scadenza, long-term credit; credito a medio termine, medium-term credit; credito agevolato, subsidied (o subsidized) credit; credito agrario, land credit; credito allo scoperto, in bianco, blank (o open) credit, bank overdraft; credito all'esportazione, buyer (o export) credit; credito infruttifero, no-interest bearing credit; credito arretrato, outstanding claim; credito bancario, bank credit; credito commerciale, bankers', commercial credit; credito contabile, book claim; credito di cassa, cash credit; credito d'imposta, tax credit; credito d'investimento, capital investment loan; credito esigibile, debt receivable (o outstanding); crediti esigibili, inesigibili, good, bad debts; crediti congelati, frozen credits; credito garantito, secured credit (o claim); credito immobilizzato, dead loan; credito in conto corrente, current account credit (o overdraft); credito industriale, investment credit; credito ipotecario, mortgage credit; credito irrevocabile, irrevocable credit; credito ordinario, banker's credit; credito per contanti, money loan; credito personale, personal credit; credito potenziale, lending potential; credito privilegiato, preferred (o preferential) claim (o credit); credito pubblico, public credit // azienda di credito, credit institution, lending company; istituto di credito, credit institution, joint-stock bank, (amer.) bank corporation; titolo di credito, credit instrument (o instrument of credit) // carta di credito, credit card; lettera di credito, letter of credit; nota di credito, credit note; facilitazioni di credito, credit facilities; restrizione di credito, credit squeeze.* * *['kredito]sostantivo maschile1) amm. comm. creditsocietà, istituto di credito — credit institution, (loan) bank
fare credito a qcn. — to give sb. credit
comprare qcs. a credito — to buy sth. on credit
essere in credito con qcn. — to be sb.'s creditor
essere in credito — (in banca) to be in the black
2) (considerazione, reputazione) credit, credence, credibilityavere molto credito — to have a lot of credibility, to be held in high esteem
3) (il credere)dare credito a qcn., qcs. — to place credit on sb., sth., to give credence to sb., sth
•* * *credito/'kredito/sostantivo m.1 amm. comm. credit; società, istituto di credito credit institution, (loan) bank; carta di credito credit card; fare credito a qcn. to give sb. credit; comprare qcs. a credito to buy sth. on credit; essere in credito con qcn. to be sb.'s creditor; essere in credito (in banca) to be in the black; il suo credito è di 1000 euro you are 1000 euros in credit; essere in credito di 25 sterline to be 25 pounds in credit2 (considerazione, reputazione) credit, credence, credibility; avere molto credito to have a lot of credibility, to be held in high esteem3 (il credere) dare credito a qcn., qcs. to place credit on sb., sth., to give credence to sb., sth.credito illimitato unsecured credit; credito immobiliare homebuyer's loan; credito d'imposta tax credit; credito inesigibile bad debt. -
15 prestito
m loanin prestito on loandare in prestito lendprendere in prestito borrow* * *prestito s.m.1 loan: mi chiese un prestito di mille euro, he asked me for a loan of one thousand euros; prendere in prestito, to borrow; dare in prestito, to lend; ho preso il dizionario in prestito per una settimana, I borrowed the dictionary for a week; gli ho chiesto l'auto in prestito per un giorno, I asked him to lend me the car for a day; in prestito, on loan: lo smoking non è mio, l'ho avuto in prestito, it's not my dinner jacket, I borrowed it (o it's on loan); ridammi il disco, era un prestito non un regalo, give me back the record, it was a loan not a present // prestito libri, book loans2 (banca) loan, advance; ( il dare a prestito) lending; ( il prendere a prestito) borrowing: concedere, fare un prestito, to loan; rimborsare un prestito, to pay back (o to redeem) a loan; prestito agevolato, soft loan; prestito a interesse, loan at interest; prestito allo scoperto, loan on overdraft (o unsecured loan); prestito a vista, demand loan; prestito a lunga, breve, media scadenza, long-term, short-term; medium-term loan; prestito a tempo, a termine, time loan; prestito a scadenza, loan at notice; prestito bancario urgente, accommodation; prestito a tasso d'interesse variabile, rollover loan; prestito cambiario, su pagherò, loan against a promissory note; prestito compensativo, bridging (o compensatory) loan; prestito convertibile, convertible loan; prestito irredimibile, perpetuo, perpetual loan; prestito personale, personal loan; prestito rateizzato, instalment loan; prestito senza interessi, gratuito, interest-free loan; prestito su titoli, advance on securities; prestito transitorio, bridging advance; prestito vincolato, tied loan; sottoscrivere un prestito, to subscribe a loan // (econ.): prestito dello stato, government loan; prestito pubblico, public (o civil) loan; prestito di guerra, war loan; prestito immobiliare, real estate loan; a titolo di prestito, as a loan; non a prestito, ungeared; estinzione di un prestito, redemption (o sinking) of a loan // (dir.): prestito garantito, secured loan; prestito con garanzia immobiliare, home loan; prestito ipotecario, mortgage loan; prestito non garantito, unsecured loan; prestito su pegno, pawn loan3 (ling.) loanword.* * *['prɛstito]sostantivo maschile1)prendere in prestito qcs. da qcn. — to borrow sth. from sb.
2) econ. borrowing U, lending, loanchiedere, ottenere un prestito — to ask for, to secure a loan
concedere un prestito — to lend, to give a loan
3) (di idea, stile, genere) borrowing; (culturale) import4) ling. borrowing; (parola) loan word•* * *prestito/'prεstito/sostantivo m.1 prendere in prestito qcs. da qcn. to borrow sth. from sb.; dare in prestito to lend; il libro è già in prestito the book is already on loan2 econ. borrowing U, lending, loan; chiedere, ottenere un prestito to ask for, to secure a loan; concedere un prestito to lend, to give a loan3 (di idea, stile, genere) borrowing; (culturale) import4 ling. borrowing; (parola) loan word -
16 quirógrafo
• chirograph• IOU• promissory note• unsecured
См. также в других словарях:
Unsecured Note — A loan that is not secured by the issuer s assets. Unsecured notes are similar to debentures but offer a higher rate of return with less security than a debenture.Such notes are also often uninsured and subordinated. The note is structured for a… … Investment dictionary
unsecured note — /ʌnsəˌkjuəd ˈnoʊt/ (say unsuh.kyoohuhd noht) noun a certificate acknowledging a loan made for a fixed period of time at a fixed rate of interest, not secured by a charge over the company s assets, and ranking after debentures for payment in a… …
note — 1. verb To make a brief written statement; to erjtera memorandum, as to note an exception 2. noun An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of… … Black's law dictionary
note — 1. verb To make a brief written statement; to erjtera memorandum, as to note an exception 2. noun An instrument containing an express and absolute promise of signer (i.e. maker) to pay to a specified person or order, or bearer, a definite sum of… … Black's law dictionary
Note — Debt instruments with initial maturities greater than one year and less than 10 years. The New York Times Financial Glossary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is used as money; … Financial and business terms
note — debt instruments with initial maturities ( maturity) longer than one year and shorter than 10 years. Bloomberg Financial Dictionary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is … Financial and business terms
note — 1) A promissory note 2) A negotiable record of an unsecured loan (see commercial paper). The word note is now used in preference to bond when the principal sum is repayable in less than five years. 3) A banknote 4) An inscription on an unpaid… … Big dictionary of business and management
Note — A financial security that generally has a longer term than a bill, but a shorter term than a bond. However, the duration of a note can vary significantly, and may not always fall neatly into this categorization. Notes are similar to bonds in that … Investment dictionary
medium-term note — MTN An unsecured note issued in a eurocurrency with a maturity of about three to six years … Accounting dictionary
medium-term note — MTN An unsecured note issued in a eurocurrency with a maturity of about three to six years … Big dictionary of business and management
Exchange-traded note — An exchange traded note (or ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer. ETNs are designed… … Wikipedia