junior creditor

junior creditor
A creditor holding junior debt. American Banker Glossary

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junior creditor junior creditor creditor

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junior creditor UK US noun [C] FINANCE
a person or organization that is owed money by a bankrupt company and that will not be paid back until others have been paid
Compare SENIOR CREDITOR(Cf. ↑senior creditor)

Financial and business terms. 2012.

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Look at other dictionaries:

  • junior creditor — A creditor whose claim is subject to the claim or claims of another creditor or creditors which have priority by force of law …   Ballentine's 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

  • junior interest — A legal right which is subordinate to another s right as applied to property; e.g. a second mortgage is subordinate to a first mortgage. See also creditor (junior creditor) …   Black's law dictionary

  • junior interest — A legal right which is subordinate to another s right as applied to property; e.g. a second mortgage is subordinate to a first mortgage. See also creditor (junior creditor) …   Black's law dictionary

  • junior — Younger. Lower in rank, tenure, preference, or position. This has been held to be no part of a man s name, but an addition by use, and a convenient distinction between a father and son of the same name. As to junior barrister junior counsel… …   Black's law dictionary

  • junior — Younger. Lower in rank, tenure, preference, or position. This has been held to be no part of a man s name, but an addition by use, and a convenient distinction between a father and son of the same name. As to junior barrister junior counsel… …   Black's law dictionary

  • senior creditor — A creditor holding senior debt. American Banker Glossary * * * senior creditor senior creditor ➔ creditor * * * senior creditor UK US noun [C] FINANCE ► a person or organization that is owed money by a bankrupt company and that will be paid back… …   Financial and business terms

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