creditor

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creditor

a person or commercial enterprise to whom money is owed

Creditor

 

(obligor).(l) The party in an obligation that has the right to demand from the other party (the debtor or obligee) the performance or abstention from performance of a certain action. Only persons having legal rights and duties, that is, citizens and legal “persons” (such as corporations), may act as creditors. In the USSR the Soviet socialist state is a specific principal or party in civil law.

In an obligation there can be several creditors (a plurality of creditors). Each of them can demand the execution of a certain part or, in instances stipulated in a contract or in the law, the entirety of an action (for example, when the object of the obligation is indivisible or when there is joint suretyship or a joint tort).

(2) In bookkeeping, a term used to designate a citizen or legal entity toward which a given organization has an indebtedness, as shown on its balance sheet.

References in classic literature ?
The only visitors I ever saw, or heard of, were creditors.
It is a question to which the creditors are parties on one side and the debtors on the other.
Emmanuel received him; this young man was alarmed by the appearance of every new face, for every new face might be that of a new creditor, come in anxiety to question the head of the house.
I have written to Colonel Forster, to inform him of our present arrangements, and to request that he will satisfy the various creditors of Mr.
My dear Mistress Turquaine," said the Gascon, "if you happen to have any money, lock it up quickly; if you happen to have any jewels, hide them directly; if you happen to have any debtors, make them pay you, or any creditors, don't pay them.
There seemed, indeed, to be a fatality that connected him with his birthplace; for, often as he had stood on the verge of ruin, and standing there even now, he had not yet taken the step beyond it which would have compelled him to surrender the house to his creditors.
In other words, he had a spirit for running in debt, and never shrunk from jeoparding property that, in truth, belonged to his creditors.
Nothing extraordinary--don't be alarmed; he put himself under the protection of the court, compounded with his creditors --tenpence in the pound; in six weeks set up again, coaxed back his wife, and is flourishing like a green bay-tree.
By courtesy of his creditors, there still remained in his possession a small remnant of his patrimony; and, upon the income arising from this, he managed, by means of a rigorous economy, to procure the necessaries of life, without troubling himself about its superfluities.
Creditors appear to me, by anticipation like those devils who turn the damned upon the gridirons, and as patience is not my dominant virtue, I am always tempted to thrash those devils.
She has survived all her creditors, and she shows wonderful presence of mind.
She considered it as an act of indispensable duty to clear away the claims of creditors with all the expedition which the most comprehensive retrenchments could secure, and saw no dignity in anything short of it.