creditor, debtor

creditor, debtor
A creditor is one to whom money is due; a debtor is one under financial obligation to someone else: "This wealthy mortgage holder is a creditor to ten property holders in this town." "Three small loan companies were able to prove that I was their debtor." The usual abbreviation for creditor is cr. The abbreviation for debtor is dr.

Dictionary of problem words and expressions. . 1975.

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  • Creditor's rights — is a legal term used to describe the set of procedural provisions designed to protect the ability of creditors persons who are owed money to collect the money that they are owed. These provisions vary from one jurisdiction to another, and may… …   Wikipedia

  • debtor — See creditor. See creditor, debtor …   Dictionary of problem words and expressions

  • creditor — See creditor, debtor …   Dictionary of problem words and expressions

  • creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… …   Law dictionary

  • debtor — debt·or n: a person who owes a debt see also bankrupt compare creditor, obligee, obligor ◇ The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.” …   Law dictionary

  • debtor-creditor — Under the Consumer Credit Act 1974, a debtor creditor supplier agreement is one where the creditor (the person offering finance) is connected in some way with the dealer or supplier of the goods by the credit or where the creditor and supplier… …   Law dictionary

  • debtor-creditor-supplier — Under the Consumer Credit Act 1974, a debtor creditor supplier agreement is one where the creditor (the person offering finance) is connected in some way with the dealer or supplier of the goods by the credit or where the creditor and supplier… …   Law dictionary

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  • creditor — a person to whom or business to which the debtor owes money or that claims to be owed money by the debtor (Glossary of Common Bankruptcy Terms) That person who has a claim, preferred, secured or unsecured, provable under the Bankruptcy and… …   Glossary of Bankruptcy

  • debtor nation — UK US noun [C] (also debtor country) ► ECONOMICS, POLITICS a country that owes more to other countries than other countries owe to it: »The heavy foreign buying of U.S. securities flipped the U.S. over from creditor to debtor nation a few years… …   Financial and business terms

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