external creditor status
[ɪkˈstɜrnəl ˈkrɛdɪtər ˈsteɪtəs]
nounpl: external creditor statuses
condição de credor externo
1. Legal and financial standing of a creditor who is not a resident or citizen of the debtor's country and is owed money by a foreign entity
The bank's external creditor status allowed it to pursue international debt recovery procedures.
A condição de credor externo do banco permitiu que ela perseguisse procedimentos internacionais de recuperação de dívida.
2. The classification that determines the rights and obligations of foreign creditors in international bankruptcy or insolvency proceedings
The company's external creditor status was crucial in determining the priority of payment.
A condição de credor externo da empresa foi crucial para determinar a prioridade de pagamento.
3. A designation affecting the treatment of foreign debt holders under international law and commercial treaties
As an external creditor, the multinational firm had to comply with specific regulations.
Como credor externo, a empresa multinacional teve que cumprir regulamentações específicas.
This term is primarily used in formal legal, financial, and commercial contexts in both Brazil and the United States. It is particularly relevant in international business transactions, cross-border insolvency proceedings, and multinational debt recovery. Brazilian banks and financial institutions frequently deal with external creditor status when managing international loan portfolios and pursuing debt collection against foreign entities. In the US, the term is essential in bankruptcy courts and international trade agreements.
Related Idioms & Phrases
hold external creditor status
claim external creditor status
establish external creditor status
lose external creditor status
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