general creditor


general creditor
general creditor see creditor

Merriam-Webster’s Dictionary of Law. . 1996.

general creditor
USA
unsecured creditor, Also known as general creditor and general unsecured creditor.
A creditor holding an unsecured claim, or having no liens against a debtor's property. Unsecured creditors have no rights against specific property of the debtor.
Related terms:

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


general creditor
An individual to whom money is due from a debtor, but whose debt is not secured by property of the debtor. One to whom property has not been pledged to satisfy a debt in the event of nonpayment by the individual owing the money.

Dictionary from West's Encyclopedia of American Law. 2005.


general creditor
An individual to whom money is due from a debtor, but whose debt is not secured by property of the debtor. One to whom property has not been pledged to satisfy a debt in the event of nonpayment by the individual owing the money.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • general creditor — ➔ creditor * * * general creditor UK US noun [C] (US FINANCE ► a person or organization that lends money, but does not have an agreement that allows them to take property or assets of the borrower if the loan is not paid back: »As a general… …   Financial and business terms

  • general creditor — noun : a creditor not secured by a lien or other security : a creditor not having a preference …   Useful english dictionary

  • general creditor — A creditor whose claim is unsecured by mortgage, judgment lien, or other lien, and is not entitled to priority. Stepp v McAdams (CA9 Cal) 97 F2d 874; Dempsey v Pforzheimer, 86 Mich 652, 49 NW 465; Wolcott v Ashenfelter, 5 NM 442, 23 P 780 …   Ballentine's law dictionary

  • creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… …   Law dictionary

  • general unsecured creditor — USA unsecured creditor, Also known as general creditor and general unsecured creditor. A creditor holding an unsecured claim, or having no liens against a debtor s property. Unsecured creditors have no rights against specific property of the… …   Law dictionary

  • general — gen·er·al / jen rəl, je nə / adj 1: involving, applicable to, or affecting the whole 2: involving, relating to, or applicable to every member of a class, kind, or group 3: not confined by specialization or limitation 4: relating to, determined by …   Law dictionary

  • creditor — a person or business to whom money is owed. Glossary of Business Terms A party who is owed money by another party. American Banker Glossary lender of money. Bloomberg Financial Dictionary The party that receives assets from the debtor/originating …   Financial and business terms

  • Creditor — Lender of money. The New York Times Financial Glossary * * * creditor cred‧i‧tor [ˈkredtə ǁ ər] noun 1. [countable] ACCOUNTING COMMERCE a person or business to whom another person or business owes money: • The company said its largest creditor… …   Financial and business terms

  • creditor — A person to whom a debt is owing by another person who is the debtor. Rooney v. Inheritance Tax Commission of Kansas, 143 Kan. 143, 53 P.2d 500, 501. One who has a right to require the fulfillment of an obligation or contract. Murphy v. Jos.… …   Black's law dictionary

  • creditor — A person to whom a debt is owing by another person who is the debtor. Rooney v. Inheritance Tax Commission of Kansas, 143 Kan. 143, 53 P.2d 500, 501. One who has a right to require the fulfillment of an obligation or contract. Murphy v. Jos.… …   Black's law dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.