Definitions

1. noun

A person or organization to whom a debt is owed.

“The creditor contacted the borrower to discuss payment terms.”

2. noun

A financial institution or other organization that provides loans or advances money to others.

“The bank is a major creditor in the country.”

3. noun

A person or entity that has a claim or demand for payment, especially in bankruptcy proceedings.

“In the bankruptcy case, the creditors were given priority over other claimants.”

4. verb

To take or claim something as a right or entitlement, especially in a financial or official capacity.

“The creditor must claim the debt as a right to receive payment.”