Define: Unsecured Creditor

UK Accounting Glossary

Definition: Unsecured Creditor


Quick Summary of Unsecured Creditor




What is the dictionary definition of Unsecured Creditor?

Dictionary Definition


This refers to a person who is owed money by an organisation but who have not arranged that in the event of non-payment specific assets would be available as a fund out of which that person could be paid in priority to other creditors.


Advertisement



Full Definition of Unsecured Creditor



Advertisement



Unsecured Creditor FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/unsecured-creditor/
Modern Language Association (MLA):
Unsecured Creditor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2019 https://payrollheaven.com/define/unsecured-creditor/.
Chicago Manual of Style (CMS):
Unsecured Creditor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/unsecured-creditor/ (accessed: September 20, 2019).
American Psychological Association (APA):
Unsecured Creditor. PayrollHeaven.com. Retrieved September 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/unsecured-creditor/

Definition Sources


Definitions for Unsecured Creditor are sourced/syndicated from:


This glossary post was last updated: 4th May 2019.