UNSECURED CREDITOR
Unsecured Creditor is an entity that may be an individual or an institution that does not acquire any particular asset as collateral when lending money. This means that the creditor is at a high risk due to the fact that if in the event that the transaction fails, for example the borrower does not have the capacity to pay back the loan, the creditor has nothing to fall back on. An example of unsecured creditor is a debenture holder.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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