noun
creditor
KRED-ih-ter/ˈkredɪtər/
A person or institution to whom money is owed.
The borrower hands a payment envelope to the creditor across the table.
Etymology
A creditor was literally a “truster” or lender. The financial meaning centers on the trusting party who lends money and is therefore owed repayment.
In context
the creditor recognizes that a widow who keeps the workshop running is more likely to pay him back in full overtime
More examples
- She asks her creditor for more time to pay.
- The company's creditors include several suppliers with unpaid invoices.
- Each creditor receives a portion of the money from the sale.
Forms
creditor · creditors
credit noun — An arrangement allowing payment at a later time.
Similar words
- lender
- Specifically provides loans; a creditor may be owed other payments.