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Simple English definitions for legal terms

unsecured creditor

Read a random definition: long account

A quick definition of unsecured creditor:

An unsecured creditor is someone who is owed money but doesn't have any specific property or collateral to claim if the debtor can't pay. They are just hoping the debtor will pay them back. This is different from a secured creditor who has a right to take specific property if the debtor can't pay.

A more thorough explanation:

An unsecured creditor is a person or entity to whom a debt is owed, but who has not taken any rights against specific property of the debtor as collateral. This means that if the debtor defaults on the debt, the unsecured creditor cannot automatically seize any of the debtor's assets to recover the debt.

Examples of unsecured creditors include credit card companies, medical providers, and suppliers who have not obtained a security interest in the goods they have sold to the debtor.

For instance, if a person owes $5,000 to a credit card company and cannot pay it back, the credit card company cannot automatically take the person's car or house to recover the debt. Instead, the credit card company may have to file a lawsuit and obtain a judgment against the person before it can try to collect the debt through other means.

unsecured claim | unsecured note

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I have a confession.
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I am not a llama, and I am an adcommie @ The University of American Samoa Law (go LandCrabies)
12:01
I need a law school ranking based on which have reverse weave champion hoodies with the law school logo
I'm really sad it came to this.. but what are some law schools that will accept people with misconduct and irregularity of faking a transcript from lsac
I guess or from doing crimes too for that matter
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MrThickRopes
15:24
We walk in da graduation to day
MrThickRopes
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That’s a lie we walk in it yesterday
MrThickRopes
15:26
Or maybe we walk in da graduation tomorrow
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Put dat beat on
MrThickRopes
20:27
I said PUT DA BEAT ON
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mustard on da beat ho
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im a slut for horse butt, #8 makes me feel great, horween makes my whore scream
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Wake up in the morning gotta take a shit hop up in my lambo gotta take a shit headin to da club and i gotta take a shit poppin da champagne but i ruined it with shit
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Woke up in the morning gotta thank god i dunno but today seems kinda odd no barking from the dog no smog mama cooked a breakfast with no hog i got my grub on but didn’t pig out finally got a call from a girl i wanna dig out
MrThickRopes
22:42
Wake up in the morning and i take a shit take off my pants cause they caked in shit go to da club and I’m finna get lit light up the blunt but it’s soaked in shit thrown on da curb because i took a shiiit
2:37
I fear you guys are not nearly locked-in enough
Why $0 at Harvard just to do litigation? Are you actually going to do your original plan post grad? @UncleIroh
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