Formal and Informal Expressions of creditor

In different contexts, you can replace 'creditor' with suitable alternatives. In a more formal setting, 'lender, loaner' is apt. In informal speech or writing, 'moneylender, banker' is a commonplace synonym.

creditor: Explore its Definition & Usage

creditor Definition

a person or company to whom money is owed.

Using creditor: Examples

Take a moment to familiarize yourself with how "creditor" can be used in various situations through the following examples!

Example
The company has many creditors who are owed money.
Example
He was unable to pay his creditors and had to file for bankruptcy.
Example
The bank is one of the largest creditors in the country.
Example
The creditor demanded immediate payment of the debt.

creditor Synonyms and Antonyms

Synonyms for creditor

Antonyms for creditor

Phrases with creditor

secured creditor
a creditor whose loan is backed by collateral, such as a mortgage or car loan
Example
The secured creditor repossessed the car when the borrower failed to make payments.
unsecured creditor
a creditor whose loan is not backed by collateral, such as a credit card company
Example
The unsecured creditor may have difficulty recovering the debt if the borrower files for bankruptcy.
preferred creditor
a creditor who has priority over other creditors in receiving payment from a debtor's assets
Example
The preferred creditor will be paid first from the proceeds of the sale of the debtor's assets.

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Summary: creditor in Brief

'Creditor' [ˈkrɛdɪtər] refers to a person or company to whom money is owed. It includes both secured creditors, whose loans are backed by collateral, and unsecured creditors, whose loans are not backed by collateral. 'Creditor' also extends to preferred creditors, who have priority over other creditors in receiving payment from a debtor's assets.