Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Creditor definition

Although having all rights to ask for the payment of an amount of money, the creditors are not all the same.

  • The unsecured creditor shall not benefit from any security;
  • the mortgage creditor shall benefit from a mortgage right that guarantees him the reimbursement of his debt on the proceeds of the sale of the property which has been mortgaged, in priority over the other creditors.

Creditor

Although having all rights to ask for the payment of an amount of money, the creditors are not all the same.

  • The unsecured creditor shall not benefit from any security;
  • the mortgage creditor shall benefit from a mortgage right that guarantees him the reimbursement of his debt on the proceeds of the sale of the property which has been mortgaged, in priority over the other creditors.