Creditor
In general, someone to whom an obligation is owed. Most commonly, the obligation owed is an obligation to pay money for some prior service or a loan.
In bankruptcy law, someone who has a claim against the debtor that arose before declaration of bankruptcy.
See Debtor (contrast).
Definition from Nolo’s Plain-English Law Dictionary
A person or entity (such as a bank or credit card company) to whom a debt is owed.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:13 pm
