creditor(redirected from Loan Creditor)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
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.
creditora 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.
One who is owed a debt.