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UNSECURED CREDITOR
Strictly, any creditor who does not hold security. More commonly used to refer to any ordinary creditor who has no preferential rights, although, in fact preferential creditors will almost always also be unsecured. In any event, the last in the queue, ahead only of the shareholders.
UNDISCHARGED BANKRUPT
Someone against whom a bankruptcy order has been made and who has not been discharged from bankruptcy.
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