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preferred creditor

   Also found in: Wikipedia 0.01 sec.
preferred creditor
A creditor having priority to payment over one or more other classes of creditors. For example, holders of first mortgage bonds must be paid by the borrower before payments are made to holders of second mortgage bonds on the same collateral. First mortgage bondholders are the preferred creditors.


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Its ratings are further enhanced by the support from its highly-rated shareholders and its preferred creditor status.
Also, like other MDBs, the IDB benefits from preferred creditor status.
Also, like other MDBs, the IsDB benefits from preferred creditor status.
 
 
 
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