Creditor - Meaning, Definition & English Examples
A creditor is a person or organization that lends money or extends credit to another party, expecting repayment in the future, often with interest.
Definition:
A person or entity to whom money is owed by a debtor.
Synonyms:
lender, debtee, obligee
Part of Speech:
noun
Antonyms:
debtor, borrower
Common Collocations:
secured creditor, unsecured creditor, major creditor, list of creditors
Derivatives:
creditorship, creditor's rights
Usage Tips:
Use "creditor" when referring to someone owed payment; often used in legal or financial contexts.
Common Phrases:
creditor's meeting, preferential creditor, judgment creditor
Etymology:
From Latin "creditor," meaning "lender," derived from "credere" (to believe or trust).
Examples:
- 1. The bank is her main creditor for the mortgage loan.
- 2. He negotiated with his creditors to extend the repayment period.
- 3. The company listed all its creditors in the annual report.
- 4. If you don't pay your bills, your creditors may take legal action.