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 called a general creditor. They do not have any specific collateral or security interest in the debtor's assets and must rely solely on the debtor's creditworthiness and ability to repay the debt. Preferred creditors have a higher priority in the event of bankruptcy, secured creditors have collateral to back up the debt, mortgagees have a specific interest in a property, and preferential creditors are those who receive preferential treatment in bankruptcy due to their relationship with the debtor.

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