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English definition of “creditor”

creditor

noun [C]
 
 
/ˈkredɪtər/
FINANCE a person, organization, or government that is owed money: Filing for bankruptcy protection allows the company to avoid paying creditors while it works out a plan to reorganize. a big/large/major creditor He has been sued several times by his creditors. → Compare debtor
creditors [plural] UK ( US payables) ACCOUNTING, FINANCE the amounts in a company's accounts that show money owed by the company → Compare debtor
→ See also general creditor, judgment creditor, junior creditor, ordinary creditor, preferential creditor, secured creditor, senior creditor, trade creditor, unsecured creditor
(Definition of creditor from the Cambridge Business English Dictionary © Cambridge University Press)
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