Creditors Meaning in English
word · lemma: creditor
Definition
Creditors are people or organizations to whom money is owed, usually because they have lent money or provided goods or services on credit.
Usage & Nuances
Commonly used in business, legal, and financial contexts. Most often seen in the plural ('creditors'). Typically refers to those demanding repayment, as opposed to 'debtors' who owe the money. Can refer to both individuals and organizations.
Example Sentences
The company must pay its creditors by the end of the month.
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Banks are major creditors in most countries.
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He met with his creditors to discuss a new payment plan.
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After declaring bankruptcy, she had to negotiate with several creditors.
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The creditors agreed to give the company more time to pay off its debts.
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If you don't pay your bills on time, your creditors might charge extra fees.
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