preferred creditor

A creditor with a superior right to payment, such as a holder of a perfected security interest as compared to a holder of an unsecured claim. [Cases: Secured Transactions 138–140, 168. C.J.S. Secured Transactions §§ 88, 90–92, 106–107, 119–124.]

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词条贡献者

双语律师Akira，国际知名法学院法律专业，擅长翻译各类与地产开发相关的法律文件。