Creditor

Business / Debt / Creditor: A creditor is an individual or a company that is owed money by another person.
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Unsecured Creditor

Business / Debt / Unsecured Creditor: A creditor who does not hold security (such as a mortgage) for money owed. MORE

Best-Interests-Of-Creditors Test

Business / Finance / Best-Interests-Of-Creditors Test: The requirement that a claim holder voting against a plan of reorganization must receive at least as much as if the debtor were liquidated. MORE

Creditors Committee

Business / Finance / Creditors Committee: Lender of money. MORE

Creditors (Control Account)

Business / Accounting / Creditors (Control Account): An account in the nominal ledger which contains the overall balance of the Purchase Ledger. MORE

Creditors

Business / Accounting / Creditors: A list of suppliers to whom the business owes money. See how Debt is Processed. MORE

Secured Loan

Business / Debt / Secured Loan: A loan which is backed up by assets belonging to the borrower (normally property) in order to decrease the risk taken on by the lender. Mortgages and some personal loans are secured loans. If you don' MORE