Junior creditor
Defined in 3 dictionaries — Ballentine's (1916), Black's (1910), Black's (1891)
Ballentine's Law Dictionary
James A. Ballentine · 1916
One the due date of whose debt was later than that of another creditor.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
One whose claim or demand accrued at a date Later than that of a claim or demand held by another creditor, who is called correlatively the "senior" creditor.
Defined under Creditor in Black's Law Dictionary.
A Dictionary of Law
Henry Campbell Black · 1891
One whose claim or demand accrued at a date poslerior to that of a claim or demand held by another creditor.