creditor's rights

Definition of "creditor's rights"
  1. Legal provisions that allow creditors to collect debts and judgments
How to use "creditor's rights" in a sentence
  1. The bank exercised its creditor’s rights to collect the outstanding mortgage.
  2. Due to creditor's rights, the unpaid supplier could seize the assets of the bankrupt company.
  3. Knowing the extent of creditor's rights can help a business manage its obligations properly.

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