Examples of 'unsecured creditor' in a sentence
Meaning of "unsecured creditor"
An unsecured creditor is a party or entity that has provided credit to another party without any collateral or security for the debt. In the event of default or bankruptcy, unsecured creditors have a lower priority in recovering their debt compared to secured creditors who have a claim on specific assets. Examples of unsecured creditors include suppliers, vendors, or credit card companies
How to use "unsecured creditor" in a sentence
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unsecured creditor
The client in this scenario is an unsecured creditor.
The unsecured creditor could not.
The claim will be treated as unsecured creditor.
An unsecured creditor may or may not file a claim.
Recall that a depositor is an unsecured creditor of a bank.
An unsecured creditor does not have a charge over the company 's assets.
The employee is only an unsecured creditor.
The plaintiff was an unsecured creditor who had not yet established a judgment.
The claim would be as an unsecured creditor.
In effect becomes an unsecured creditor with regard to that deficiency.
The Court recognised its position as an unsecured creditor.
Ordinary unsecured creditor.
When you put money in the bank, you become an unsecured creditor.
The counterparty becomes an unsecured creditor with a claim equal to that amount of damages.
Where a contract is disclaimed, the co-party has a claim for damages as an unsecured creditor.
See also
That makes you an unsecured creditor.
A creditor without a lien ( or other legal claim ) on the company 's assets is an unsecured creditor.
You are now an unsecured creditor.
See also judgment creditor; loan creditor; secured creditor; unsecured creditor.
You become an unsecured creditor.
When the company filed bankruptcy in July 2001, Shaheen was an unsecured creditor.
The holder is an unsecured creditor.
Preferential creditor Secured creditor " Definition, unsecured creditor.
You are simply an unsecured creditor.
This means using depositor funds who are the largest unsecured creditor class of the banks.
Once a secured creditor is satisfied, the unsecured creditor is then the next priority.
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Report that categorizes accounts payable by creditor
Creditors that may be appointed to a creditor committee
Examples of using Unsecured
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The above loans are unsecured term facilities
Unsecured creditors have the lowest priority
There is a bunch of unsecured doors down here
