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 classic literature ?
At the meetings of creditors, then, he comported himself with a savageness and scorn towards Sedley, which almost succeeded in breaking the heart of that ruined bankrupt man.
He tried his new uniform, which became him very handsomely, on the day when the first meeting of the creditors of the unfortunate gentleman took place.
Micawber's affairs, although past their crisis, were very much involved by reason of a certain 'Deed', of which I used to hear a great deal, and which I suppose, now, to have been some former composition with his creditors, though I was so far from being clear about it then, that I am conscious of having confounded it with those demoniacal parchments which are held to have, once upon a time, obtained to a great extent in Germany.
Name your own terms, sir; so they leave me a single dollar for my creditors, I shall be happy.
A distinguished gentleman of this city, H H , Esquire, having been compelled to SUSPEND, in consequence of the late robbery of the Bank of the United States by the cold-blooded miscreant whose hoary head disgraces the White House, felt himself bound to return an article of dress, purchased as recently as yesterday by his lovely daughter, and who, in every respect, was entitled to wear it, as she would have adorned it, receiving back the price, with a view to put it in the fund he is already collecting to meet the demands of his creditors.
I shall go to the City now, and I shall ask all our creditors to meet me to-morrow.
If he can pay a dividend to his creditors, they will give him his freedom; and he believes he can raise the money if I consent to insure my life.
Fleury, crippled with debt, played many a trick on his creditors.
However, I did as he bade me, that you may be sure; and having thus taken my leave of him, I never saw him more, for he found means to break out of the bailiff's house that night or the next, and go over into France, and for the rest of the creditors scrambled for it as well as they could.
Here, however, I concealed myself, and though my new acquaintances knew nothing of me, yet I soon got a great deal of company about me; and whether it be that women are scarce among the sorts of people that generally are to be found there, or that some consolations in the miseries of the place are more requisite than on other occasions, I soon found an agreeable woman was exceedingly valuable among the sons of affliction there, and that those that wanted money to pay half a crown on the pound to their creditors, and that run in debt at the sign of the Bull for their dinners, would yet find money for a supper, if they liked the woman.
said the turnkey, 'he'll never get out, unless his creditors take him by the shoulders and shove him out.
Even the days on which Wakem came to ride round the land and inquire into the business were not so black to him as those market-days on which he had met several creditors who had accepted a composition from him.