Creditor
/ˈkrɛdɪtər/
Definitions
- (n.) A person or entity to whom money is owed by another party.
The creditor demanded repayment of the loan.
Forms
- creditors
Related terms
Commentary
In legal contexts, distinguishing between secured and unsecured creditors is crucial for understanding priority in debt repayment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.