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Home > QFINANCE Dictionary > Definition of unsecured creditor

Definition of

unsecured creditor


creditor making unsecured loans a creditor who is owed money, but has no security from the debtor for the debt. Unsecured creditors are at risk of losing everything, as official procedures may absorb most of the money remaining after a business failure and small creditors may not be paid.

Recommended Further Reading (Term count)
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Definitions of ’unsecured creditor’ and meaning of ’unsecured creditor’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’unsecured creditor’ and other financial terms with our online QFINANCE Financial Dictionary.

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