Simple Definition of creditor
: a person, bank, or company that lends money to someone
Full Definition of creditor
: one to whom a debt is owed; especially : a person to whom money or goods are due
Examples of creditor in a sentence
She owes thousands of dollars to creditors.
First Known Use of creditor
CREDITOR Defined for Kids
Definition of creditor for Students
: a person to whom a debt is owed
Legal Definition of creditor
: a person to whom a debt is owed; especially : a person to whom money or goods are due — compare debtor, obligor general creditor : a creditor who is not secured by a lien or other security interest —called also unsecured creditor judgment creditor : a creditor who has a money judgment entered against the debtor and may enforce the judgment (as by attachment or writ of execution) known creditor : a creditor whose potential claim is known or should be known by a debtor and who is entitled to notice of a corporate dissolution or of a date at which claims will be barred (as in bankruptcy) lien creditor : a creditor who is secured by a lien (as by attachment) secured creditor : a creditor who has a security interest (as a mortgage) unsecured creditor : general creditor in this entry
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