Definition that contains creditor
- security property that your creditor can claim in case you default on your obligation
- prefer give preference to one creditor over another
- addiction (Roman law) a formal award by a magistrate of a thing or person to another person (as the award of a debtor to his creditor); a surrender to a master
- bankruptcy a legal process intended to insure equality among the creditors of a corporation declared to be insolvent
- debtor a person who owes a creditor; someone who has the obligation of paying a debt
- foreclosure the legal proceedings initiated by a creditor to repossess the collateral for loan that is in default
- surety property that your creditor can claim in case you default on your obligation
- judgment lien lien on a debtor's property that is granted to a creditor by court judgment; lien may be enforced by having the sheriff seize the property and hold a sheriff's sale
- peonage the practice of making a debtor work for his creditor until the debt is discharged
- subrogate substitute one creditor for another, as in the case where an insurance company sues the person who caused an accident for the insured