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Creditor Meaning in English

word

ˈkɹɛdətɝ/, /ˈkɹɛdɪtɝ
KRED-uh-ter
kɹˈɛdɪtɐ
kred-IT-uh

Definition

A creditor is a person or organization that lends money or gives credit to someone and expects it to be paid back.

Usage & Nuances

Used in formal, legal, and financial contexts. Opposite of 'debtor.' Common in legal contracts, bankruptcy, and business settings. 'To owe money to a creditor' and 'creditor rights' are frequent phrases. Not typically used in everyday conversation.

Example Sentences

The creditor asked for the payment.

basic

John became a creditor when he lent his friend money.

basic

A bank is often a creditor to its customers.

basic

If you don't pay your bills, your creditor can take legal action.

natural

After the company went bankrupt, the creditors met to discuss repayment.

natural

He settled his debts and no longer has any creditors chasing him.

natural