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
Creditor definition, a person or firm to whom money is due (opposed to debtor).
(The party to whom the money is owed is often a supplier or bank that will be
referred to as the creditor.) A creditor is a person, bank, or other enterprise that
Define creditor: a person, bank, or company that lends money to someone —
creditor in a sentence.
There are generally two types of creditors: personal and real. Personal creditors
are people who loan money to friends or family. Real creditors are financial ...
Define creditor. creditor synonyms, creditor pronunciation, creditor translation,
English dictionary definition of creditor. n. One to whom money or its equivalent is
Definition of creditor: A party to whom money is owed. Common classifications of
a creditor include (1) Secured: who has a legal right to take a specific property ...
In accounting, the term "sundry creditors" is used to designate a group of
suppliers on a ledger sheet, according to The Law Dictionary. It is typically used
Creditor Definition | Explanation. ... This creditor will be paid before junior
creditors in the event of a borrower's bankruptcy. Junior creditor. This creditor will
a person or company to whom money is owing Meaning, pronunciation, example
sentences, and more from Oxford Dictionaries.