creditor


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Creditor

Creditor

A person or company to whom one owes money. A creditor may be a bank or another company. In the case of bonds and personal debt, the creditor is often an individual. A creditor may be secured, meaning that the debt has a collateral, or unsecured, meaning that the debt has no specific collateral.

creditor

One to whom funds are owed. Holders of bonds and debentures are creditors to whom funds are owed by the issuers. Compare debtor. See also secured creditor, unsecured creditor.

Creditor.

A person or company who provides credit to another person or company functions as a creditor.

For example, if you take a mortgage or car loan at your bank, then the bank is your creditor. But if you buy a bond, you are the creditor because the money you pay to buy the bond is actually a loan to the issuer.

creditor

a person or business that is owed money by an individual or firm for goods, services or raw materials that they have supplied but for which they have not yet been paid (trade creditors) or because they have made LOANS. Creditors are also termed ‘accounts payable’. See DEBTORS, CREDIT.

creditor

One who is owed a debt.

References in periodicals archive ?
Instead, this covenant allows the creditor to call its loan should it learn that a non-coordinating contract was written with a later creditor.
In its simplest terms, the day a company files a Chapter 11 bankruptcy is the day that company belongs to the creditors and the plan of reorganization is essentially a plan to purchase the company back from those creditors.
Avoiding bankruptcy, because they had enough cash in hand to hold creditors at bay, were Cendant, Lucent, Mercury Finance, and a host of other companies that reported fattening bottom lines quarter after sizzling quarter until all that profit suddenly evaporated.
R3 research has consistently shown that unsecured creditors receive minimal returns from insolvent debtors.
Conversely, if done correctly, the formation of a manageable and lean steering committee structure can contribute to much more efficient internal consultations and sharing of information among the creditor group.
In order to avoid the doctrines of constructive receipt or economic benefit from being invoked against the employee (thereby subjecting the unpaid sums to current tax), the trust must be a grantor trust, the assets of which are subject to claims of the employer's general creditors.
From the opening gavel, both secured and unsecured creditors are working to consolidate as much courtroom muscle as possible.
The creditor successfully argued that it could setoff its allowed administrative expense claim, for goods it had provided on credit terms to the debtor after the bankruptcy filing, to reduce any potential preference liability on a dollar-for-dollar basis.
This is certainly not the situation the trade creditor envisioned when it originally entered into its supply agreement.
A safe harbor for creditors is plausible--if courts could reduce the extent of creditor conflict for critical decisions--and would both encourage constructive creditor intervention and discourage detrimental, value-shifting creditor intervention.
So, the next time you decide to ignore a few credit card payments, a creditor may opt to come calling via your paycheck
In contrast, the allowance of a disputed claim results in a distribution to a newly allowed creditor that is only partially in excess of the minimum percentage recovery threshold.