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
- subrogate substitute one creditor for another, as in the case where an insurance company sues the person who caused an accident for the insured
- debitor a person who owes a creditor; someone who has the obligation of paying a debt
- landlord's lien lien on a tenant's property for the satisfaction of unpaid rent or property damage; the landlord is given the status of a preferred creditor with regard to the tenant's property