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• 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
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  Cite Definition for creditor

  American Psychological Association (APA)

  creditor. (n.d.). Yahoo Personal Finance Glossary. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/creditor.

  Chicago Manual of Style (CMS)

  creditor. finance.yahoo.com. Yahoo Personal Finance Glossary. Yahoo Finance. http://www.expertglossary.com/definition/creditor (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "creditor." Yahoo Personal Finance Glossary. Yahoo Finance. 3 February. 2023 http://www.expertglossary.com/definition/creditor.

• Browse Related Terms: Collection agency, Consumer Credit Counseling Service, creditor, Debt collector, Debtor, Fair Debt Collection Practices Act (FDCPA), Liability, net worth, Prepayment Clause, Principal

All > Business > Finance > Personal Finance > Mortgage

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

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
  ×

  Cite Definition for creditor

  American Psychological Association (APA)

  creditor. (n.d.). Making Home Affordable Glossary. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/creditor.

  Chicago Manual of Style (CMS)

  creditor. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/creditor (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "creditor." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 3 February. 2023 http://www.expertglossary.com/definition/creditor.

• Browse Related Terms: Collateral, creditor, Equity stripping, Home Equity Line of Credit (HELOC), Home Ownership and Equity Protection Act (HOEPA), interest, Interest rate, Loan modification activities, Principal, Rate Spread, Servicemen’s Readjustment Act, Truth-In-Lending Act (TILA)

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