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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
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
What Is a Creditor? Types, Rights, and Remedies - LegalClarity What Is a Creditor? Types, Rights, and Remedies Explore the legal framework of debt: defining creditor roles, distinguishing secured vs unsecured obligations, and enforcing payment mechanisms
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 | 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