Unsecured creditor

Tanveer Md Masood (Indispensable) (361 Points)

26 November 2012  

unsecured creditors are those creditors who are extended financial assistance or credit without any collateral security in its support. In case of insolvency and winding up, unsecured crediors get a very little preference for repayment while secured creditors are paid their full stake and dividend by the company.



Tanveer Md Masood