- 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. Anderson, W.S.. 1998.
junior creditor
Look at other dictionaries:
junior creditor — A creditor holding junior debt. American Banker Glossary * * * junior creditor junior creditor ➔ creditor * * * 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… … Financial and business terms
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 [ˈkredtə 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
