A creditor who has no security other than the debtor's promise to pay is

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A creditor who has no security other than the debtor's promise to pay is classified as a general creditor. They do not have any specific assets or collateral to repossess or liquidate in case of default by the debtor, unlike secured creditors who have security in the form of a lien on specific assets. Preferential creditors are those who are given priority over other creditors in the distribution of assets in case of bankruptcy, while preferred creditors are those who have a higher priority in payment compared to other unsecured creditors. Mortgagees, on the other hand, are creditors who have a security interest in real property as collateral.

A Creditor Who Has No Security Other Than the Debtor's