Creditor

5 topics · 7 sources

Business

Real Estate

A person to whom money is owed.

The lending institution providing a loan or credit.

Business› Finance

Personal Finance

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.

Business› Finance› Personal Finance

Mortgage

A person or entity that is owed money by another person or entity.

Law

Bankruptcy

One to whom the debtor owes money or who claims to be owed money by the debtor.

A person, business, or other entity, such as a government agency, to whom a debtor owes money; can be any entity or any person; for example, a savings and loan institution, credit card company, or employee who loses a paycheck if a business goes bankrupt.

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