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Bookmark or Share- What Is a Creditor, and What Happens If Creditors Aren't Repaid?A creditor is an individual or institution that extends credit to another party to borrow money usually by a loan agreement or contract. Creditors such as banks can repossess collateral like...
- Creditor Definition & Meaning - Merriam-WebsterThe meaning of CREDITOR is one to whom a debt is owed; especially : a person to whom money or goods are due. How to use creditor in a sentence.
- creditor | Wex | US Law | LII / Legal Information InstituteA creditor is someone (or an entity) to whom an obligation is owed. Most commonly, the obligation owed is an obligation to pay money for some prior services or to pay off a loan. The person who owes a creditor an obligation is known as a debtor.
- CREDITOR | English meaning - Cambridge Dictionarya person, organization, or government that is owed money: Filing for bankruptcy protection allows the company to avoid paying creditors while it works out a plan to reorganize. a big / large / major creditor.
- CREDITOR Definition & Meaning | Dictionary.comCreditor definition: a person or firm to whom money is due (opposed to debtor).. See examples of CREDITOR used in a sentence.
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