Definitions of preferred creditor
a creditor that must be paid first if a company goes into liquidation (=goes bankrupt)
Preferred creditors should receive a full payout before any other creditors are paid.
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preferred creditor means:
full
noun
a creditor that must be paid first if a company goes into liquidation (=goes bankrupt)
Preferred creditors should receive a full payout before any other creditors are paid.