Search results
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.
Feb 20, 2023 · Creditors are individuals or entities that have lent money to another individual or entity. They typically charge interest and the money is owed back to them. For example, a bank lending money to...
CREDITOR definition: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. Learn more.
A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. [1]
Jun 4, 2024 · In accounting, creditors are people or organizations like banks and credit unions that offer products and services to the other party without asking them to pay back for it instantly. The term is also found synonymous with the word “supplier” or “vendor”.
Examples of creditor in a Sentence. She owes thousands of dollars to creditors. Recent Examples on the Web Giuliani, former President Trump's ex-personal lawyer, has a myriad of other creditors who may begin pursuing remedies as well.
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.
Would those public creditors be able to outweigh the interests of taxpayers who didn't like having to contribute to pay the interest on the debt? From Heritage.org It should include, at the very least, the original creditor and account number and the debt amount.
A person or commercial enterprise to whom money is owed → Compare debtor.... Click for English pronunciations, examples sentences, video.
Definition of creditor noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
