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a person or commercial enterprise to whom money is owed



(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 ?
This Frenchman alone must be your creditor for a good deal.
I begged a fortnight's grace from the creditor, asked for a holiday from my employers, and spent the time in begging in the City under my disguise.
Chadband's habit--it is the head and front of his pretensions indeed--to keep this sort of debtor and creditor account in the smallest items and to post it publicly on the most trivial occasions.
Then," said the creditor, "I change my debt into a debt of honor," and tore the note in pieces.
One day, when he had ridden over to the town to see a creditor, the chief peasant of his village followed him shortly after, with the news that his house had been burnt down, and that his wife had perished with it, but his children were safe.
Only there were then privileges for the sons of kings, to whom nobody refused to become a creditor, whether from respect or the persuasion that they would some day be paid.
It was his belief that if he were given time in which to realize them, all would be well and every creditor paid in full.
For the creditor to whom he owed a hundred and sixty held a firmer security in the shape of a bill signed by Mary's father.
Once in every decade there shall be a general settlement, when the balance due shall be paid to the creditor nation in Mexican dollars.
Some of the craftiest scoundrels that ever walked this earth, or rather--for walking implies, at least, an erect position and the bearing of a man--that ever crawled and crept through life by its dirtiest and narrowest ways, will gravely jot down in diaries the events of every day, and keep a regular debtor and creditor account with Heaven, which shall always show a floating balance in their own favour.
If the coin suits you, tell me so, and I'll send you the rest at my leisure: if you would rather remain my creditor than stuff your purse with such ungainly, heavy pieces, - tell me still, and I'll pardon your bad taste, and willingly keep the treasure to myself.
One man thinks justice consists in paying debts, and has no measure in his abhorrence of another who is very remiss in this duty and makes the creditor wait tediously.