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cred⋅i⋅tor
[kred-i-ter] 
ɪ
Based on the Random House Dictionary, © Random House, Inc. 2009.
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| cred·i·tor (krěd'ĭ-tər) n. One to whom money or its equivalent is owed. |
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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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.Cite This Source
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Creditor
A person (or institution) who extends credit by giving permission to borrow money if he or she promises to pay it back at a later date. Creditors can be classified into either personal or real. Those who have lent money to friends or family are personal creditors. Real creditors (i.e. a bank or finance company) have legal contracts with the borrower granting the lender the right to claim any of the debtor's real assets (e.g. real estate or car) if he or she fails to pay back the loan.
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See also: Bank, Bankruptcy, Chapter 11, Chapter 7, Credit, Discharge in Bankruptcy, Loan, Mortgage, Unsecured Creditor, Writ of Seizure and Sale
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creditor
- One to whom funds are owed. Holders of bonds and debentures are creditors to whom funds are owed by the issuers. Compare debtor. See also secured creditor, unsecured creditor.
Copyright © 2003. Published by Houghton Mifflin.
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Main Entry: cred·i·tor
Pronunciation: 'kre-d&-t&r, -"tor
Function: noun
: a person to whom a debt is owed; especially : a person to whom money or goods are due —compare DEBTOR, OBLIGOR
general creditor
: a creditor who is not secured by a lien or other security interest called also unsecured creditor
judgment creditor
: a creditor who has a money judgment entered against the debtor and may enforce the judgment (as by attachment or writ of execution)
known creditor
: a creditor whose potential claim is known or should be known by a debtor and who is entitled to notice of a corporate dissolution or of a date at which claims will be barred (as in bankruptcy)
lien creditor
: a creditor who is secured by a lien (as by attachment)
secured creditor
: a creditor who has a security interest (as a mortgage)
unsecured creditor
: GENERAL CREDITOR in this entry
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