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Definition of Preferred creditor
1. Noun. A creditor who will have, in the event of the debtor's bankruptcy, more right to collect than other creditors will. ¹
¹ Source: wiktionary.com
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1. Noun. A creditor who will have, in the event of the debtor's bankruptcy, more right to collect than other creditors will. ¹
¹ Source: wiktionary.com