unsecured creditor — a creditor who extended credit to a debtor without collateral security. If the debtor files for bankruptcy or is levied upon, the unsecured creditors are paid on a pro rata basis only after the claims of all secured creditors are satisfied… … Glossary of Bankruptcy
unsecured creditor — ➔ creditor * * * unsecured creditor UK US noun [C] FINANCE ► a person or organization that has lent money and has no right to the property or other assets of the borrower if the money is not paid back: »Following the bankruptcy, it s too early to … Financial and business terms
Unsecured creditor — An unsecured creditor is a creditor which is not a preferential creditor and which does not have the benefit of any security interests in the assets of the debtor.In the event of the bankruptcy of the debtor, the unsecured creditors usually… … Wikipedia
Unsecured Creditor — An individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because it will have nothing to fall back on should the borrower default on the loan. A debenture holder is… … Investment dictionary
unsecured creditor — A person who is owed money by an organization but who has not arranged that in the event of non payment specific assets would be available as a fund out of which he or she could be paid in priority to other creditors. Compare secured creditor … Big dictionary of business and management
unsecured creditor — /ˌʌnsɪkjυəd kredɪtə/ noun a creditor who is owed money, but has no security from the debtor for the debt … Dictionary of banking and finance
unsecured creditor — creditore chirografaro Titolare di un credito nei confronti di un soggetto che abbia presentato istanza di fallimento, per il quale non possiede nessuna garanzia. Questo credito potrà essere soddisfatto esclusivamente quando saranno stati… … Glossario di economia e finanza
unsecured creditor — A person who is owed money by an organization but who has not arranged that in the event of non payment specific assets would be available as a fund out of which that person could be paid in priority to other creditors … Accounting dictionary
general unsecured creditor — USA unsecured creditor, Also known as general creditor and general unsecured creditor. A creditor holding an unsecured claim, or having no liens against a debtor s property. Unsecured creditors have no rights against specific property of the… … Law dictionary
ordinary unsecured creditor — A general creditor who has no priority, no preferred treatment and no security (Ontario Bankruptcy Dictionary) United Glossary of Bankruptcy Terms 2012 … Glossary of Bankruptcy
