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.

Jan 29, 2025 · What Is a Creditor? A creditor is an individual or institution that extends credit to another party to borrow money usually by a loan agreement or contract.

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 meaning: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. Learn more.

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.

Aug 18, 2025 · When you take out a loan, whether it’s a line of credit, a mortgage, a student loan or any other example, the institution or person you borrow from is known as a creditor. The individual or …

CREDITOR definition: a person or firm to whom money is due (debtor ). See examples of creditor used in a sentence.

A creditor is an individual or financial institution that extends credit or provides financial assistance to a debtor under a credit agreement. Creditor law addresses situations where a debtor is unable to repay …

At its core, a creditor is any individual or institution to whom a debt is owed. This can range from a credit card company or a mortgage lender to the IRS or a local hospital.

Jun 19, 2025 · 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 …