creditor

a person or business to whom money is owed. Glossary of Business Terms
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A party who is owed money by another party. American Banker Glossary
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lender of money. Bloomberg Financial Dictionary
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The party that receives assets from the debtor/originating party ( e.g. cash, securities). In the context of the payment model, the creditor is also the credit account owner. Euroclear Clearing and Settlement glossary

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creditor cred‧i‧tor [ˈkredtə ǁ -ər] noun
1. [countable] ACCOUNTING COMMERCE a person or business to whom another person or business owes money:

• The company said its largest creditor is owed $22 million.

ˈbond ˌcreditor [countable] FINANCE
someone holding bonds where the borrower is unable to repay either the bonds or the interest on them:

• Not all bond creditors receive equal treatment.

ˌgeneral ˈcreditor [countable] ACCOUNTING
when a business goes bankrupt, a creditor who has no special rights to be repaid before others, and may not be repaid at all:

• The claimants were treated as general creditors and had to wait their turn for payment.

ˈjudgment ˌcreditor also judgement creditor [countable] ACCOUNTING LAW
a creditor who has obtained the right from a court of law to demand that an amount owed to them should be paid back
ˌjunior ˈcreditor [countable] ACCOUNTING
another name for general creditor
ˌordinary ˈcreditor [countable] ACCOUNTING
when a business goes bankrupt, a creditor who will be paid after everybody else except people who have ordinary share S in the company
ˌpreferential ˈcreditor also preˌferred ˈcreditor [countable] ACCOUNTING
when a business goes bankrupt, a creditor who has the right to be paid before others:

• Preferential creditors include Customs and Excise, which is investigating how much VAT the company has neglected to pay.

seˌcured ˈcreditor [countable] ACCOUNTING
when a business goes bankrupt, a creditor who has the right to specific assets of the business:

• Bondholders were concerned that the secured creditors would take possession of assets worth the approximately $85 million owed to them and there'd be nothing left over for bondholders.

ˌsenior ˈcreditor [countable] ACCOUNTING
when a business goes bankrupt, a creditor who will be paid before junior creditors, or who will get a larger percentage of what they are owed:

• Senior creditors could receive as much as 98% of their allowed claims under the bankruptcy agreement, while junior creditors could only receive 5% to 10%.

ˈtrade ˌcreditor [countable] ACCOUNTING
a supplier who has not yet been paid by a business to which it has sold goods or services:

• The company said it has enough money to keep paying trade creditors and operating expenses.

ˌunsecured ˈcreditor [countable] ACCOUNTING
when a business goes bankrupt, a creditor who does not have any rights to specific assets of the business:

• It is likely that unsecured creditors will receive only a small fraction of their claims, if anything.

2. creditors [plural] ACCOUNTING the money owed by a business to its suppliers and lenders, and the entry in the accounts showing this:

• creditors falling due within one year

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creditor UK US /ˈkredɪtər/ noun [C]
FINANCE a person, organization, or government that is owed money: »

Filing for bankruptcy protection allows the company to avoid paying creditors while it works out a plan to reorganize.

»

a big/large/major creditor

»

He has been sued several times by his creditors.

Compare DEBTOR(Cf. debtor)
creditors — Cf. creditors
See also GENERAL CREDITOR(Cf. ↑general creditor), JUDGMENT CREDITOR(Cf. ↑judgment creditor), JUNIOR CREDITOR(Cf. ↑junior creditor), ORDINARY CREDITOR(Cf. ↑ordinary creditor), PREFERENTIAL CREDITOR(Cf. ↑preferential creditor), SECURED CREDITOR(Cf. ↑secured creditor), SENIOR CREDITOR(Cf. ↑senior creditor), TRADE CREDITOR(Cf. ↑trade creditor), UNSECURED CREDITOR(Cf. ↑unsecured creditor)

Financial and business terms. 2012.

Look at other dictionaries:

  • creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… …   Law dictionary

  • creditor — CREDITÓR, OÁRE, creditori, oare, adj., s.m. şi f. 1. adj. (Despre persoane fizice sau juridice) Care a creditat; (despre sume) care se înscrie în creditul unui cont. 2. s.m. şi f. Titular al unui drept de creanţă; persoană sau instituţie care a… …   Dicționar Român

  • creditor — a person to whom or business to which the debtor owes money or that claims to be owed money by the debtor (Glossary of Common Bankruptcy Terms) That person who has a claim, preferred, secured or unsecured, provable under the Bankruptcy and… …   Glossary of Bankruptcy

  • creditor — mid 15c., from Anglo Fr. creditour, O.Fr. creditour (early 14c.), from L. creditor truster, lender, from creditus, pp. of credere (see CREDO (Cf. credo)) …   Etymology dictionary

  • creditor — [kred′it ər] n. [ME creditour < L creditor: see CREDIT] a person who extends credit or to whom money is owed …   English World dictionary

  • Creditor — Cred it*or (kr?d ?t ?r), n. [L.: cf. F. cr?diteur. See {Credit}.] 1. One who credits, believes, or trusts. [1913 Webster] The easy creditors of novelties. Daniel. [1913 Webster] 2. One who gives credit in business matters; hence, one to whom… …   The Collaborative International Dictionary of English

  • Credĭtor — (lat.), Gläubiger, s.d. und Concurs …   Pierer's Universal-Lexikon

  • Credĭtor — (lat.), der Gläubiger …   Meyers Großes Konversations-Lexikon

  • Creditor — Creditor, der Gläubiger …   Herders Conversations-Lexikon

  • CREDITOR — in debitorem quid iuris habuerit, apud Romanos, indigitat ista decemvirorum lex: ERIS. CONFESSI. DEBITI. Q. IURE. IUDICATIS. TRIGINTA. DIES. IUSTEI. SUNTO. POST. DEINDE. MANUS. INIECTIO. ESTO. IN. IUS. DUCITO. NI. IUDICATUM. FACIT. AUT. QUIS.… …   Hofmann J. Lexicon universale

  • creditor — ► NOUN ▪ a person or company to whom money is owing …   English terms dictionary

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