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Longman Dictionary of Contemporary English

creditor

noun
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
commercial
▪ Talks with commercial bank creditors over two days were reported on June 21 to have failed to produce concrete results.
▪ August - at least 10 Third World countries have stopped repaying their commercial bank creditors.
▪ Debt service payments to commercial creditor banks, suspended in November, were scheduled for resumption at the end of February 1991.
foreign
▪ There is little comfort for foreign creditors hoping for an end to the six-month moratorium on debt payments.
▪ After spending 17 years in Congress hurling broadsides at foreign creditors and defending state enterprises, Mr Franco has changed course.
▪ A quarter of its annual budget of $ 800m goes to repay foreign creditors.
large
▪ The report also outlined the role agricultural cooperatives, the largest creditors to the mortgage companies, played in the fiasco.
▪ As a group, the cooperatives are the largest creditors to the mortgage companies.
other
▪ We also obtained funds for investment in the business from the sale of supermarket property, borrowing and other creditors.
▪ The seller, not the buyer's other creditors, will be entitled to take those goods.
▪ Secondly, even if loan stock is unsecured it will rank equally with the other unsecured creditors.
▪ Current liabilities are trade creditors, tax and any other creditors.
▪ That part payment will then be available for the buyer's other creditors.
▪ You know it and all our other creditors know it.
▪ If the trust is due at once, the beneficiary can claim with priority over other creditors.
▪ Another method of subordination is a prohibition on repayment of the debt whilst other creditors remain unpaid.
preferential
▪ More controversially, the Crown for certain unpaid taxes and other levies is also accorded the status of preferential creditor.
▪ There are of course classes of preferential and pre-preferential creditors, but I do not propose to expand on that here.
secured
▪ The protection given by the Harter Act to shippers and consignees benefited banks and secured creditors.
▪ If they sell, they acknowledge a loss which may exceed the discount that secured creditors eventually have to accept.
▪ This is a problem for secured creditors who may wish to vote.
▪ Second, the secured creditor may have the right of pursuit.
▪ A partially secured creditor is entitled to receive a dividend on the unsecured part of his claim having valued his security.
▪ It was agreed that the receivers' first duty was to the secured creditors.
unsecured
▪ Secondly, even if loan stock is unsecured it will rank equally with the other unsecured creditors.
▪ Whole Earth owes its Top 20 unsecured creditors more than $ 2. 6 million.
▪ Subordinated loan stock will rank behind all unsecured creditors but ahead of preference shareholders and ordinary shareholders.
▪ Unfortunately, the company's bank, the tax man and employees come first; you will then be an unsecured creditor.
▪ So long as the receiver is in the driving seat neither the owners nor the unsecured creditors can do much to remove him.
▪ Second, the charge provides security against unsecured creditors.
western
▪ Its international indebtedness had reached such alarming proportions under the previous Khedive that its Western creditors had become seriously alarmed.
■ NOUN
bank
▪ Talks with commercial bank creditors over two days were reported on June 21 to have failed to produce concrete results.
▪ August - at least 10 Third World countries have stopped repaying their commercial bank creditors.
judgment
▪ A certificate of judgement is still required, but see r 27 enabling judgment creditors to prepare documents for the court.
nation
▪ Equally, it is important that the creditor nations match words with deeds.
■ VERB
allow
▪ The garage was later sold to Nissan for £200,000, allowing creditors to recoup some of the money they had lost.
hold
▪ If Electronics had not held off its creditors, it would have collapsed, bringing Magnetics down with it.
▪ It was held that the creditor could recover only 400,000.
include
▪ They also prepare financial reports for nonmanagement groups, including stockholders, creditors, regulatory agencies, and tax authorities.
owe
▪ Altogether £1m is missing from the pension fund and a further £1m is owed to creditors.
pay
▪ If one has to pay a creditor £100 in one year's time, it is not necessary to have £100 today.
▪ Two constables arrive at his home to seize his belongings since he can not pay his creditors.
▪ The purchaser should reserve the express right to pay the creditors directly out of the retention on behalf of the vendor.
▪ Until the suit was settled, it could be thawed only long enough to pay off all creditors.
▪ He faces selling his priceless collection of Ferraris to pay off creditors.
▪ Once the bank controls the account, you can pay only those creditors whom the bank lets you pay.
▪ This is less odd than it looks: it pays creditors to avoid the delays and legal costs of chapter 11.
▪ That has given the government the latitude to pay its creditors and not default on its borrowings.
protect
▪ The judicial system now had to protect creditors instead of debtors.
▪ This rule is designed to protect creditors.
▪ The transfer is made to avoid a reduction in share capital and, accordingly, to protect creditors.
▪ The incentive of central banks to protect the interest of creditors has been increased by the globalization of the financial markets.
▪ You can not transfer your assets to a spouse in order to protect them from the creditors.
repay
▪ Within eight years he had fully repaid his creditors and accumulated a greater fortune than ever before.
▪ Under the reorganization plan, El Paso Electric will repay creditors using proceeds from an underwritten public offering of mortgage bonds.
▪ A quarter of its annual budget of $ 800m goes to repay foreign creditors.
▪ August - at least 10 Third World countries have stopped repaying their commercial bank creditors.
EXAMPLES FROM OTHER ENTRIES
▪ He died owing his creditors over $20 million.
▪ The failed company is currently in talks with its creditors.
▪ The UN warned creditors to ease Brazil's debt burden or see the country go bankrupt.
▪ When George inherited some money, the first thing he did was to pay his creditors.
EXAMPLES FROM CORPUS
▪ Also until such time as a creditor has lodged a proof of debt, he can not vote at meetings of creditors.
▪ And, for a deal to be reached, not all creditors necessarily need to be involved.
▪ Mr Kasyanov seems now to be playing for time, hoping to get through January without ferocious clashes with creditors.
▪ Quaker creditors showed great tolerance to those who were tardy in paying their bills.
▪ The business of lending money is like gambling-the creditors calculate the odds of the money being repaid.
▪ The judicial system now had to protect creditors instead of debtors.
▪ This section lists long-term debt owed to banks or other creditors and any obligations under capital leases.
Wikipedia

Creditor

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

Creditor \Cred"it*or\ (kr?d"?t-?r), n. [L.: cf. F. cr?diteur. See Credit.]

  1. One who credits, believes, or trusts.

    The easy creditors of novelties.
    --Daniel.

  2. One who gives credit in business matters; hence, one to whom money is due; -- correlative to debtor.

    Creditors have better memories than debtors.
    --Franklin.

Douglas Harper's Etymology Dictionary

creditor

mid-15c., from Anglo-French creditour, Old French creditour (early 14c.), from Latin creditor "truster, lender," from creditus, past participle of credere (see credo).

Wiktionary

creditor

n. 1 (context finance English) A person to whom a debt is owed. 2 One who gives credence to something; a believer.

WordNet

creditor

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.