Longman Dictionary of Contemporary English
A creditor 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. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property and service. The second party is frequently called a debtor or borrower. The first party is the creditor, which is the lender of property, service or money.
The term creditor is frequently used in the financial world, especially in reference to short-term loans, long-term bonds, and mortgage loans. In law, a person who has a money judgment entered in their favor by a court is called a judgment creditor.
The term creditor derives from the notion of credit. Also, in modern America, credit refers to a rating which indicates the likelihood a borrower will pay back his or her loan. In earlier times, credit also referred to reputation or trustworthiness.
The Collaborative International Dictionary
Creditor \Cred"it*or\ (kr?d"?t-?r), n. [L.: cf. F. cr?diteur. See Credit.]
One who credits, believes, or trusts.
The easy creditors of novelties.
One who gives credit in business matters; hence, one to whom money is due; -- correlative to debtor.
Creditors have better memories than debtors.
Douglas Harper's Etymology Dictionary
mid-15c., from Anglo-French creditour, Old French creditour (early 14c.), from Latin creditor "truster, lender," from creditus, past participle of credere (see credo).
n. 1 (context finance English) A person to whom a debt is owed. 2 One who gives credence to something; a believer.
n. a person to whom money is owed by a debtor; someone to whom an obligation exists [ant: debtor]
Usage examples of "creditor".
Gazette, and the Morning Post, of his marriage to the only daughter of the late Rowland Wendover Esquire, of Amberfield in the County of Bedfordshire, would stave off his creditors, and might, at the least, make it very difficult for Mr James Wendover to repudiate the alliance.
Its biggest creditor was the company it contracted with to build the bikes it could no longer afford to make itself: the Shenzhen Bo-An Bike Co.
In a word, their credit being exhausted, and their creditors growing clamorous, they presented a petition to the house of commons, disclosing their distresses, and imploring such assistance as should enable them not only to pay their debts, but also to maintain the forts in a defensible condition.
State in which a debtor was domiciled or a bank located could levy an inheritance tax on the transfer of the debt or the deposit, notwithstanding that the creditor had his domicile in a different State.
Miss Dunstable might be a better creditor than the Duke of Omnium for the Chaldicotes property.
Major Hinton was killed, the Legion lost not just a commanding officer but a friend, a sidesman of the church, a brother-in-law, a creditor, a hunting companion, and above all, a neighbor, and if Murphy died they would lose another.
Only there were then privileges for the sons of kings, to whom nobody refused to become a creditor, whether from respect, devotedness, or a persuasion that they would some day be paid.
I should like to know when, if ever, he could go before his creditors, represented by authors, printers, paper-makers, and binders, and declare himself solvent and worthy of their further confidence.
While it cannot be denied that the letter of the laws favor the construction claimed by some of the creditors that interest-bearing bonds were required to be issued to them, inasmuch as the restriction that no interest is to run on said bonds until 1st January, 1860, relates solely to the bonds issued under the Act of 1857.
By this means more than half of all the specie belonging to the fifteen millions of souls who compose the whole population of the country is thrown into the hands of the public office-holders, and other public creditors comprising in number perhaps not more than one quarter of a million, leaving the other fourteen millions and three quarters to get along as they best can, with less than one half of the specie of the country, and whatever rags and shinplasters they may be able to put, and keep, in circulation.
I play with the prince, sometimes winning and sometimes losing, but I never win enough to enable me to satisfy a wretched creditor I left at St.
None of the bail-out money escapes New York where it lingers to pay interest to US creditors holding the debt, big fish like Citibank and little biters like Steve Hanke.
The Colonnades during the past week and closed the house, leaving Jeanette in charge until arrangements could be made with her creditors.
First and foremost, it would demonstrate to your creditors that you are going to be consul beyond any doubt.
That would mean your creditors would be more willing to carry your debts beyond your praetorship if necessary.