☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Unsecured Creditor (Final)

A creditor without collateral — relying on the debtor's general promise to pay. Paid after secured and priority creditors in bankruptcy.

Category: Bankruptcy · Source: Black's Law Dictionary
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: