A creditor is a party (e.g. person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom ...
BREAKING DOWN 'Creditor' When creditors are notified of bankruptcy proceedings, they have a couple of options with respect to their claim against the debtor:
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Both you and the creditor would have been better off with moderate inflation than an outright breach.
debtor and creditor: an overview. Debtor-creditor law governs situations where one party is unable to pay a monetary debt to another. There are three types of creditors.
Creditor. An individual to whom an obligation is owed because he or she has given something of value in exchange. One who may legally demand and receive money, either ...
Definition: Creditor is an expression used in accounting to specify a party who has delivered a product, service or loan, and is owed money by debtors.
His creditor was Wick Cutter, the merciless Black Hawk money-lender, a man of evil name throughout the county, of whom I shall have more to say later.
Creditor Lender of money. Creditor A person or company to whom one owes money. A creditor may be a bank or another company. In the case of bonds and personal debt ...
cred·i·tor (krĕd′ĭ-tər) n. One to whom money or its equivalent is owed. creditor (ˈkrɛdɪtə) n (Commerce) a person or commercial enterprise to whom money is ...