preferred creditor

noun

A creditor who will have, in the event of the debtor's bankruptcy, greater rights of collecting than other creditors.

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Meanings

nounpreferred creditor (plural preferred creditors)

plural preferred creditors

  1. businessA creditor who will have, in the event of the debtor's bankruptcy, greater rights of collecting than other creditors.
Cite this entry
APA

preferred creditor. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/preferred%20creditor

MLA

“preferred creditor.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/preferred%20creditor. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “preferred creditor,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/preferred%20creditor.

Source: preferred creditor on Wiktionary, CC BY-SA 4.0.