creditor

noun

cred·​i·​tor ˈkre-di-tər 

-ˌtȯr

: one to whom a debt is owed

especially : a person to whom money or goods are due

Examples of creditor in a Sentence

She owes thousands of dollars to creditors.

Recent Examples on the Web

Secured debts involve borrowers who put up assets to serve as collateral for a loan, while unsecured debts accumulate when a borrower does not put up any security or assets often requiring creditors to file lawsuits to be repaid. —Jonathan Limehouse, USA TODAY, 7 Feb. 2025

The bankruptcy filing states that Fuller’s has assets of $500,000 to $1million, liabilities of $1 million to $10 million and 50 to 99 total creditors. —Chuck Fieldman, Chicago Tribune, 3 Feb. 2025

The legal documents state that the company purchased the home in August 2022 while O.J. was living there to stop creditors from seizing the property. —Regina Cho, VIBE.com, 27 Jan. 2025

The firm also represented creditors in the Diamond Sports Group bankruptcy proceedings. —Kurt Badenhausen, Sportico.com, 24 Jan. 2025

Word History

First Known Use

15th century, in the meaning defined above

Kids Definition

creditor

noun

cred·​i·​tor ˈkred-ət-ər 

: a person to whom a debt is owed

Legal Definition

creditor

noun

cred·​i·​tor ˈkre-də-tər, -ˌtȯr 

: a person to whom a debt is owed

especially : 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 creditor

— judgment creditor

: a creditor who has a money judgment entered against the debtor and may enforce the judgment (as by attachment or writ of execution)

— known creditor

: a creditor whose potential claim is known or should be known by a debtor and who is entitled to notice of a corporate dissolution or of a date at which claims will be barred (as in bankruptcy)

— lien creditor

: a creditor who is secured by a lien (as by attachment)

— secured creditor

: a creditor who has a security interest (as a mortgage)

— unsecured creditor

: general creditor in this entry