Unsecured Creditor

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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 creditor

A creditor with a claim for which no specific assets are pledged. A debenture holder is an unsecured creditor. Compare secured creditor.

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Acreedor quirografario Best Efforts Test Best-Interests-of-Creditors Test Bulk Sales Escrow Chapter 7 Chapter 7 Proceedings Cramdown creditor Liquidator mortgage prime pro rata Qismatul Ghuramaa' Residual Assets Secured Creditor Secured Debt Secured Liability unsecured creditors voidable preference			Under the old version of section 38 of the Insolvency Law, a company wishing to avail itself of the legal protection process had to obtain approval for its legal protection process plan from those unsecured creditors whose claims exceeded two thirds of all creditor claims, provided that the unsecured creditors already had claims for violation of the terms of repayment or provided that the their respective claims were to vest during the implementation of the legal protection process plan. Fresh changes to the insolvency law by The Baltic Times (Riga, Latvia) The story should have said the court filing lists the law firm as an unsecured creditor for $2,345. CORRECTIONS by The Santa Fe New Mexican (Santa Fe, NM) If you hold vouchers, you run the riskof becoming an unsecured creditor in a firm with no guaranteed return. DON'T GIFT VOUCHERS by Sunday Mail (Glasgow, Scotland)			Unperfected Lien Unpriced Unprofitable Unqualified Mail Unqualified Opinion Unquoted Company Unquoted Security Unrealized Appreciation Unrealized capital gain/loss unrealized gain Unrealized Loss unrecognized gain Unrecorded Deed unrecorded deeds Unregistered Exchange Unregistered Security Unrelated Business Income Unrelated Business Tax Income Unrelated Person Unrestricted Letter of Credit Unrestricted Net Assets Unsatisfied Judgment Fund Unscheduled Property Floater Unseasoned Issue Unsecured Bond Unsecured Creditor unsecured creditors Unsecured Debt Unsecured Liability unsecured loan Unsecured Loan Stock Unsettled Transaction Unskilled Work Unskilled Worker Unsold Unsponsored American Depositary Receipt Unsponsored American Depository Receipt Unstable Transition unstated interest Unstated Interest Paid Unsterilized Intervention Unsubscribed Unsystematic Risk Unternehmen Unused License Unweighted Index Unwelcome Assignment Unwind Unwind a Trade Up Up Market			Unseasoned issue Unseasoned Issues unseasoned lumber Unseasoned Securities Unseasoned Security unseat unseat unseated unseated unseating unseating unseats unseats unseaworthiness unseaworthy unsecluded UNSECNAV Unseconded Unseconded UNSECOORD Unsecret unsectarian Unsecularize Unsecure unsecured unsecured unsecured bond unsecured bond Unsecured Bonds Unsecured Bonds Unsecured Creditor unsecured creditors Unsecured Creditors Committee Unsecured Debenture Unsecured Debenture Unsecured Debentures Unsecured Debentures Unsecured debt Unsecured Debts Unsecured Liabilities unsecured liability unsecured liability Unsecured Line of Credit Unsecured loan Unsecured Loan Stock Unsecured Loan Stock Unsecured Loan Stocks Unsecured Loans Unsecured Navier-Stokes Unsecured Overdraft Unsecured Personal Loan Unsecured Proxies List Unsecured Subordinated Redeemable Debentures unseductive unseeable unseeable unseeableness unseeded unseeing unseeing unseeingly

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