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English definition of “unsecured creditor”

unsecured creditor

noun [C]
 
 
FINANCE
a person or organization that has lent money and has no right to the property or other assets of the borrower if the money is not paid back: Following the bankruptcy, it's too early to say if anything will be left for unsecured creditors.
(Definition of unsecured creditor from the Cambridge Business English Dictionary © Cambridge University Press)
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