(n.) One who gives credit in business matters; hence, one to whom money is due; -- correlative to debtor.
Example Sentences:
(1) A statement from the company said it had assigned all its assets for the benefit of creditors, in accordance with Massachusetts' law.
(2) Far from securing the regime change they were seeking, the creditors now find that Syriza is being supported by all Greek political parties apart from the communists and the neo-Nazi party Golden Dawn.
(3) As Greece pleads with its eurozone creditors for more time in meeting its fiscal adjustment targets, Dombrovskis is a fierce champion of surgical austerity applied quickly and ruthlessly.
(4) Providing an upfront, unconditional component to debt relief is critical to provide a strong and credible signal to markets about the commitment of official creditors to ensuring debt sustainability, which in itself could contribute to lowering market financing costs.
(5) Groups such as the Consumer Credit Counselling Service (CCCS) can help you negotiate payment arrangements with your creditors.
(6) Instead, those who ordered through the company will be treated as unsecured creditors.
(7) It has proposed linking repayment of the debt to growth (the only real way of paying creditors and of guaranteeing their rights), and has indicated its desire to implement those structural reforms needed to strengthen an impoverished state left too long in the hands of corrupt elites.
(8) Greece’s debt is currently around 175% of its annual national income, most of it owed to official creditors such as the European Central Bank or the International Monetary Fund.
(9) In conclusion, there is a reasonable chance that retirement plan assets in Delaware qualified plans are insulated from judgment creditors, but the best course is to maintain adequate insurance protection and follow an aggressive prejudgment strategy in serious cases so you don't have to resolve the issue in a bankruptcy proceeding.
(10) Hours after Greece’s bailout programme with its creditors expired and the country became the first in the developed world to miss an IMF loan repayment, Greek pensioners without debit cards were at last able to withdraw some cash.
(11) Greece's eurozone creditors are demanding that the government in Athens introduce a six-day working week as part of the stiff terms for the country's second bailout.
(12) You make a monthly payment to the court and it is split between the creditors.
(13) No sign of an OMT announcement.. September 10, 2012 Updated at 2.46pm BST 2.12pm BST Another development in Greece: there is growing speculation in Athens today that with Greek debt still at a whopping 166% of GDP – despite a massive write-down by private sector creditors earlier this year – another haircut, this time by the official sector, is on the cards.
(14) It suggests government-led programmes to restructure debt and tax breaks to persuade creditors to lengthen repayment periods.
(15) Meanwhile, MPs in Athens approved the contentious reforms and austerity package demanded by its creditors amid angry scenes in parliament and violent clashes on the streets on Wednesday.
(16) For three months, a battle of brinkmanship has been going on between the government of Alexis Tsipras and its European creditors over a cash-for-reforms plan that would give Greece the €7.2bn worth of rescue funds that it needs to meet its debt payments.
(17) Creditors plan to ringfence Greek economy if Tsipras refuses to give in Read more Yet when asked about their attitude to the EU itself, 76% of Greeks said they mistrusted it.
(18) And leaving the programme should be the responsibility not just of the debt country but the creditor country as well.” Athens, Tsakalotos continued, had kept its side of the bargain, legislating highly unpopular reforms to produce savings of 2% of GDP, while the European Union and International Monetary Fund had not kept theirs.
(19) Persistent critic The truce was supposed to allow INM to present a united front to creditors as it tried to renegotiate €1.3bn of debt and €200m worth of bonds, but it was a coup for O'Brien.
(20) The bank filed for Chapter 11 bankruptcy, which provides protection from creditors while it liquidates its business.
Subrogation
Definition:
(n.) The act of subrogating.
(n.) The substitution of one person in the place of another as a creditor, the new creditor succeeding to the rights of the former; the mode by which a third person who pays a creditor succeeds to his rights against the debtor.
Example Sentences:
(1) Although health care expenditures are an extremely important issue, quality of patient care cannot be subrogated to a secondary concern.