Creditor

usgb/ˈkredɪtər/
noun

A person or company to whom money is owed.

I have to pay back my creditor by the end of the month.
Visual representation of "creditor" - A person or company to whom money is owed.

Often appears as...

  • pay a creditor
  • owe a creditor
Definition 1 of 2
Visual representation of "creditor"
LampPro Tip 1/3

Financial Responsibility

Refers to someone you have a financial obligation towards, usually because of a debt.

Illustration for Financial Responsibility
I'm saving money to settle my account with the creditor next week.
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Depth of Debt

Can imply the extent of your financial obligations; the more creditors you have, the deeper in debt you may be.

Illustration for Depth of Debt
Multiple creditors are calling me for payments.
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Payment Priority

Some creditors are prioritized for repayment over others based on the type of debt.

Illustration for Payment Priority
Mortgage creditors are usually paid first due to the loan's secured nature.
Visual representation of the word "Creditor"

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