Creditor

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • collector
  • receiver
  • opposite of debtor

Definition of Creditor

  1. An individual or firm to whom or which money or its equivalent is owed.

Related Terms and Acronyms

  • Distress Bank,
    • The right of one party to sell real or personal property belonging to another party to pay unpaid or overdue debt.
  • Garnishment Bank,
    • An amount withheld from your pay and remitted to another party, such as a creditor. You must include in your taxable income any amount that was garnished from your pay, because the full amount of your pay is considered to have been received by you even though some was withheld to pay your debts.
  • Debtor Bank,
    • A person who has filed a petition for relief under the bankruptcy laws.
    • Anyone who owes money to a creditor.
  • Protected Cell Company (SPC) Bank,
    • A company that separates its assets and liabilities into a number of 'cells' to shield itself and each 'cell' from losses.
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