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What Is a Creditor, and What Happens If Creditors Arent Repaid? A creditor is an individual or institution that extends credit to another party to borrow money usually by a loan agreement or contract Creditors are commonly classified as personal or real
CREDITOR Definition Meaning - Merriam-Webster 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 - Wikipedia The first party is called the creditor, which is the lender of property, service, or money Creditors can be broadly divided into two categories: secured and unsecured
creditor | Wex | US Law | LII Legal Information Institute A creditor is someone (or an entity) to whom an obligation is owed Most commonly, the obligation owed is an obligation to pay money for some prior services or to pay off a loan The person who owes a creditor an obligation is known as a debtor
What Is a Creditor and What Is an Example of a Creditor? | Intuit . . . What is a creditor? The term creditor typically refers to a financial institution or person who is owed money, though its exact definition can change depending on the situation For example, if you have an outstanding balance on a loan, then you have a creditor
Creditor definition — AccountingTools A creditor is an individual or entity that is owed money Typically, the creditors of a business are its suppliers, which have provided it with goods and services, and in exchange expect to be paid by an agreed-upon date