creditor

creditor definition - business

creditor

One to whom funds are owed. Holders of bonds and debentures are creditors to whom funds are owed by the issuers. Also called lender. Compare debtor. See also secured creditor, unsecured creditor.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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