creditorship

creditor

One to whom a debt is owed.

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.

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

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general creditor
: a creditor who is not secured by a lien or other security interest called also unsecured creditor

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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)

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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)

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lien creditor
: a creditor who is secured by a lien (as by attachment)

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secured creditor
: a creditor who has a security interest (as a mortgage)

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unsecured creditor
: GENERAL CREDITOR in this entry