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Feb 20, 2023 · A creditor is the original lender because they made the loan to you. Debt collectors purchase delinquent loans from the original creditor, such as a bank, usually at a discount, and aim to then...
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.
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.
CREDITOR definition: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. Learn 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.
Creditor definition: a person or firm to whom money is due (opposed to debtor).. See examples of CREDITOR used in a sentence.
A creditor is an organization or person who people owe money to. The company said it would pay in full all its creditors . A provisional liquidator can either restructure or liquidate assets and distribute proceeds to creditors .
CREDITOR meaning: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. Learn more.
Definition of creditor noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
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.
