unsecured creditors

Unsecured Creditor

One who is owed an uncollateralized debt. That is, an unsecured creditor has no lien or collateral on the debt. An unsecured creditor has no right to repossess any property in the event of default or bankruptcy. In the event of liquidation of the debtor's property, the unsecured creditor receives nothing until all secured creditors are repaid in full. Because of the extra risk associated with unsecured credit, it usually commands a higher interest rate. See also: Secured creditor.

unsecured creditors

Persons owed money by a debtor,but who have no collateral as security for the debts owed to them.

单词	unsecured creditors
释义	unsecured creditors Unsecured Creditor One who is owed an uncollateralized debt. That is, an unsecured creditor has no lien or collateral on the debt. An unsecured creditor has no right to repossess any property in the event of default or bankruptcy. In the event of liquidation of the debtor's property, the unsecured creditor receives nothing until all secured creditors are repaid in full. Because of the extra risk associated with unsecured credit, it usually commands a higher interest rate. See also: Secured creditor. unsecured creditors Persons owed money by a debtor,but who have no collateral as security for the debts owed to them.
随便看	ambassadors extraordinary and plenipotentiary ambassadors for all nations ambassadors for children ambassadors for christ ambassadors for christ international ambassadors for higher education ambassadors for wildlife through education ambassador's fund for cultural preservation ambassadors' girls' scholarship program ambassadorship ambassadorships ambassadors of christ ambassadors of christ theological synod of the united states ambassadors of the environment ambassador to morocco ambassador university ambassadress ambassadresses ambassage ambass town jazz band ambassy ambatac ambatch ambatches ambato