general creditor
noun[C]
FINANCEUSukus(alsounsecured creditor)apersonororganizationthatlendsmoney, but does not have anagreementthatallowsthem to takepropertyorassetsof theborrowerif theloanis notpaidback:
As ageneralcreditor, you have tostandinlineaftercreditorssuch as theInternalRevenueServiceand thebanks.
Under thebid, unsecuredcreditorswillreceive35% of thestockof the newcorporation.
Compare
secured creditor