A creditor who gets paid (by law or agreement) before any other creditors.
Related information about preferred creditor:
- Preferential creditor - Wikipedia, the free encyclopedia
A preferential creditor (in some jurisdictions called a preferred creditor) is a creditor receiving a preferential right to payment upon the debtor's bankruptcy under ...
- Preferred Creditor Definition | Investopedia
An individual or organization that has priority in being paid the money it is owed if the debtor declares bankruptcy. Because bankrupt entities do not have ...
- Preferred Creditor Status
As a multilateral development institution, IFC enjoys a de facto Preferred Creditor Status. This means that member governments grant IFC loans preferential ...
- What is preferred creditor? - BusinessDictionary.com
Definition of preferred creditor: Secured creditor or the one who (by law or agreement) has the right to be paid before other creditors, in case of the liquidation of ...
- Preferred creditor - Merriam-Webster Online
noun. Definition of PREFERRED CREDITOR. : a creditor whose claim takes legal precedence over other claims. Origin of PREFERRED CREDITOR. 1preferred ...
- Preferred creditor - Financial Dictionary - The Free Dictionary
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 ...
- preferred creditor - Business Definition
preferred creditor definition: A creditor having priority to payment over one or more other classes of creditors. For example, a borrower must pay holders of first ...
- What is preferred creditor? - InvestorWords.com
Definition of preferred creditor: A creditor who gets paid (by law or agreement) before any other creditors.