Preferred creditor - Is a creditor that has priority over another creditor when the company becomes bankrupt.
Preferred Creditor Status: A designation given to the International Monetary Fund (IMF), all World Bank Group member institutions, and many of the regional multilateral banks.
entitled to preference not only over funds in the hands of the trustee, but also over the proceeds of any distraint levied by the landlord within the three months prior to the receiving order, the latter in that case becoming a preferred creditor for ...
 See also: Elastic, Elasticity, Expense, Values, Saving
  
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