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).
An entity (person or institution) that extends credit by giving another entity
permission to borrow money if it is paid back at a later date. Creditors can be
Define creditor: a person, bank, or company that lends money to someone —
creditor in a sentence.
A creditor is a person, bank, or other enterprise that has lent money or extended
credit to another party. (The party to. ... What is the meaning of debtor? What is a
The amounts owed to creditors are reported on the company's balance sheet as
liabilities. If a creditor required ... Related Q&A. What is the meaning of debtor?
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 ...
A creditor is a lender that is entitled to receive a payment from a borrower. The
lender can be a business, organization, or individual.
Creditor. An individual to whom an obligation is owed because he or she has
given something of value in exchange. One who may legally demand and