Skip to main content

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

Post a Comment

Popular posts from this blog

The Superman with a Microphone!

  The Superman with a Microphone! Superman—that’s what you become the moment you step onto the stage with a microphone in hand. Public speaking or confident communication, whether on a dais or in a formal gathering, has always been a skill many aspire to master. From ancient orators to modern-day motivational speakers, the ability to command attention and inspire action has remained a powerful tool for change. Yet, becoming a successful speaker isn’t an enigma. With a little thoughtful preparation and consistent practice, anyone can unlock the superpowers of public speaking. Let’s decode the art of engaging communication and help you become the Superman with a Microphone. **Step 1: Work on the 'Who?' Before you step into your superhero shoes, ask yourself: Who is the audience? This question is crucial to setting the tone for your speech. Understanding your audience enables you to: Gauge their mindset and expectations. Determine their familiarity with the to...
1 comment
Read more

The Superman Speaks with Depth and Power - The Voice!

With an intention of helping readers, and I believe I have a major student following due to my academic endeavors, I thought of covering one of the most important topics via the "Superman" series - COMMUNICATION. So how much of your presentation’s success depends on your content? Especially when people connect content with knowledge, you might believe that content contributes 100% to a speech or presentation's success. However, this would be a mistake! Imagine an actor proposing, “Would you marry me?” without voice modulation. It would sound dry, expressionless, and likely result in a firm “No.” According to the Mehrabian Model, voice tone contributes 38% to the impact of your message. Surprising? Not when you realize how tone builds emotional connections. Here’s how to master your voice for impactful communication: 1. "The Pitcher Perfect"Your pitch plays a vital role in grabbing the listener’s attention. Start with a higher pitch to ensure you’re he...
1 comment
Read more

Introduction to Economic Times University

Dear Friends, Economic Times (ET) University is my initiative to update you with daily dose of business terminologies used frequently in the "Economic Times". Reading and understanding the ET everyday is a must for an MBA aspirant, but due to lack of exposure our students find it difficult to understand ET language and terminologies; and stop buying one. I shall manage this blog and try to come up with interesting facts and articles ( my own or the ones appearing in the ET ) here on ET Univ. blog, BUT it can only be a fruitful step if you discuss and ask questions by way of comments. Lets join as a community of like minded learners and work towards an ever shining Brand Amravati.  Happy Learning ! Term of the Day: Level Payment Amortization - Repayment of a loan through a fixed number of fixed-amount monthly installments. While the amount of the installment is same every month, however, it is apportioned unequally between interest and principal payments. In the ...
3 comments
Read more