preferred creditor
preferred creditor · preferred creditors
A creditor who will have, in the event of the debtor's bankruptcy, greater rights of…A creditor who will have, in the event of the debtor's bankruptcy, greater rights of collecting than other creditors.
Meaning
1 sensesA creditor who will have, in the event of the debtor's bankruptcy, greater rights of collecting than other creditors.
Forms
plural: preferred creditors| Singular | preferred creditor |
|---|---|
| Plural | preferred creditors |
regular