creditorˈkrɛd ɪ tər
creditor (n)
- plural
- creditors
English Definitions:
creditor (noun)
a person to whom money is owed by a debtor; someone to whom an obligation exists
creditor (Noun)
A person to whom a debt is owed.
creditor (Noun)
One who gives credence to something; a believer.
Creditor
A creditor is a party that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption that the second party will return an equivalent property and service. The second party is frequently called a debtor or borrower. The first party is the creditor, which is the lender of property, service or money. The term creditor is frequently used in the financial world, especially in reference to short term loans, long term bonds, and mortgage loans. In law, a person who has a money judgment entered in their favor by a court is called a judgement creditor. The term creditor derives from the notion of credit. In modern America, credit also refers to a rating which indicates the likelihood a borrower will pay back his or her loan. In earlier times, credit also referred to reputation or trustworthiness.
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"creditor." Kamus.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.kamus.net/english/creditor>.
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