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Unsecured, or general, creditors

• Creditors who have a general claim against all the firm's assets other than those specifically pledged as collateral.

 
 

Follow this link for all the terms related to credit.

 
 Embedded terms in definition
 Assets
Collateral
 
 Related Terms
 Best interests of creditors test
Secured creditors

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We may think there is willpower involved, but more likely… change is due to want power. Wanting the new addiction more than the old one. Wanting the new me in preference to the person I am now. – George Sheehan

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