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What does PCS stand for?

PCS stands for Preferred Creditor Status

This definition appears frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of PCS

Other Resources:
We have 999 other meanings of PCS in our Acronym Attic

Samples in periodicals archive:

Even if the ECB is able to credibly pre-commit not to exercise its preferred creditor status in the event of default, its bond purchases are likely to be associated with EFSF/ESM bond purchases/lending, implying some subordination of private creditors.
The BFSR of C- assigned to Afreximbank, which maps to a baseline credit assessment (BCA) of Baa2, takes into account the bank's strong positioning in trade finance on the African continent, its preferred creditor status and other privileges that it enjoys in its member countries, as well as its sound financial fundamentals," said Nondas Nicolaides, a Vice-President and Moody's lead analyst for Afreximbank.
UHY Hacker Young says HMRC's more aggressive stance towards businesses owing tax or national insurance is partly due to loss of preferred creditor status in September 2003.
In a separate action, theInland Reve-nue are taking proceedings against Exeter over preferred creditor status, which could have implications for all levels of football, not just the Conference.