Asset-Light Debt

Like asset debt, but with fewer calories. Actually, it's a type of corporate borrowing where the money received gets secured with less collateral than usual. The debt is light on assets, as it were.
These types of debt structures were popular in the wild days of corporate finance during the mid-2000s. However, they lost luster with lenders and investors amid the financial crisis of 2007/2008 which almost ended the free world as we know it. Here's to calories.