Unsecured Creditor
Definition
An unsecured creditor is an individual or institution that lends money without obtaining specified assets as collateral. If a borrower fails to make payment on debt that is unsecured, the creditor cannot take any of the borrower's assets without winning a lawsuit first.
Class Relationships
Parent(s)
- • Creditor
Children 1
Translations
Class Hierarchy Visualization
Interactive graph showing class relationships - click on any node to navigate to that class
Additional Information
Metadata
Comment
None
Description
None
Notes
- • None
Editorial Information
History Note
None
Editorial Note
None
Identifier
CRED-UCRD
Deprecated
No
Source and Origin
No source or origin information available