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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. 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 One who is owed a debt. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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