Meaning of “unsecured creditor” in the English Dictionary

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"unsecured creditor" in Business English

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unsecured creditornoun [ C ]


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)