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Glossary   >   U   >   "Unsecured Creditor" Definition            Unsecured Creditor A person or institution that lends money to a company or individual without holding collateral on the property for security. This puts the creditor in a higher risk situation. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Unsecured Creditor - A person or institution that lends money to a company or individual without holding collateral on the property for security. This puts the creditor in a higher risk situation.