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20 lut 2023 · A creditor is an individual or institution that extends credit to another party to borrow money usually by a loan agreement or contract. Creditors such as banks...
A creditor is someone (or an entity) to whom an obligation is owed. Most commonly, the obligation owed is an obligation to pay money for some prior services or to pay off a loan. The person who owes a creditor an obligation is known as a debtor.
Definition. Creditors are individuals, institutions, or entities that lend money or extend credit to another party, typically a business or an individual borrower. They provide goods, services, or money with the expectation of being repaid in the future, often with interest.
A creditor is a person or a company that lends money or extends credit to another person or business. If you borrow money to buy a car or take out a loan for a house, the bank or lender is your creditor.
A creditor is a person who is owed money or has a financial claim against a debtor. Generally, there are four types of creditors, ranking in order of priority as follows: Trust creditor: one for whom the debtor holds the property in trust for by virtue of special status under legislation.
A creditor is a natural or legal person who supplies goods or services to a company on a credit basis. This means that the company does not pay for the goods delivered or services rendered immediately, but incurs a liability to the creditor which is settled at a later date.
