Definition, Meaning & Synonyms
creditor
noun
/ˈkrɛdɪtər/
Definition
A person or institution to whom money is owed.
Examples
- The bank is a creditor of the company, having provided a significant loan.
- He struggled to pay his creditors after losing his job.
- Creditors can take legal action if debts are not paid on time.
Meaning
In finance and accounting, a creditor is someone who has lent money or extended credit to another party, often for the expectation of repayment with interest.
Synonyms
- lender
- loaner
- debtor (in context of the creditor-debtor relationship)
