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Give me my money! - "What is a Creditor?"


It is not as simple as you may think!!

Creditor:

A party to whom money is owed. Common classifications of a creditor include:
 (1) Secured: who has a legal right to take a specific property of the borrower and sell it in case of a default. 
(2) Unsecured: who does not have any such right. 
(3) Preferential or senior: who takes precedence over other creditors in laying claim to a bankrupt borrower's property. 
(4) Junior: whose claim is addressed after satisfying the claims of preferential or senior creditors.

The corporate world many a times is not as simple as it seems on the 'face value'..... 
oops..."Whats' Face Value ?"

Wait and watch !!

Rgds.

Comments

  1. Gaurav JawanjalJanuary 21, 2012 at 10:04 AM

    Sir, i need help regarding different fields of finance.
    How should i choose the proper field for myself?
    and which steps should i put forward to grab the opportunity?

    ReplyDelete

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