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- Dictionarycreditor/ˈkrɛdɪtə/
noun
- 1. a person or company to whom money is owing: "he sold his Ferraris to pay off his creditors"
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a person, organization, or government that is owed money: Filing for bankruptcy protection allows the company to avoid paying creditors while it works out a plan to reorganize. a big / large / major creditor.
Feb 20, 2023 · A creditor is an individual or institution that extends credit to another party to borrow money usually by a loan agreement or contract. Creditors such as banks can...
Creditors – In day-to-day business, a person or a legal body to whom money is owed is known as a creditor. For a business, the amount to be paid may arise due to repayment of a loan, goods purchased on credit, etc. Example – Unreal corp. purchased 1000 kg of cotton for 100/kg from vendor X.
The meaning of CREDITOR is one to whom a debt is owed; especially : a person to whom money or goods are due. How to use creditor in a sentence.
a person, organization, or government that is owed money: Filing for bankruptcy protection allows the company to avoid paying creditors while it works out a plan to reorganize. a big / large / major creditor.
Creditor definition: a person or firm to whom money is due (opposed to debtor).. See examples of CREDITOR used in a sentence.
Definition of 'creditor' Word Frequency. creditor. (kredɪtəʳ ) Word forms: plural creditors. countable noun [usually plural] Your creditors are the people who you owe money to. The company said it would pay in full all its creditors. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers. British English pronunciation.
Definition of creditor noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Definition: A creditor is a lender that is entitled to receive a payment from a borrower. The lender can be a business, organization, or individual. Basically, any entity that loans a business money or assets is considered a creditor.
4 days ago · If you have a credit card, the bank that issues it to you is your creditor. What they give you is not just a piece of plastic: rather it is a line of credit or a certain amount of money that they have agreed to loan you at fixed terms.
