A person or company who provides credit to another person or company functions as a creditor.
For example, if you take out a mortgage or car loan at your bank, then the bank is your creditor. But if you buy a bond issued by a corporation or other institution, you are the creditor because the money you pay to buy the bond is actually a loan to the issuer.
Yahoo Finance - Cite This Source - This Definition
- Bankruptcy, Cash flow, Liability, net worth, Pass-through security, Securitization
All > Business > Finance > Personal Finance