empty creditor

Definition

Individual or institution that has no desire to preserve a company despite the company's debt obligations to them. A creditor is considered an empty creditor when their actions clearly show a disinterest in the future of the company that they provided funds to. The term was coined by University of Texas law professor Henry Hu.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
empower Empty Head and Pure Heart Test