Finance Dictionary : Creditor



Understand the concept of a Creditor, a party that extends credit for goods or services or to whom a debt is owed, and the various forms they can take, including suppliers, lenders, and individuals.



A creditor is an individual or business entity that extends credit to another party, allowing them to acquire goods or services with an agreement for deferred payment. This arrangement empowers the recipient to obtain products or services promptly, with the commitment to repay the creditor at a later specified date.


Creditors can take various forms, encompassing suppliers, financial institutions, lending agencies, or individuals who offer credit terms. Additionally, a creditor can be anyone to whom a debt is owed, which includes financial institutions that provide loans, businesses that supply products on credit, or individuals who have extended loans.


Creditors typically expect repayment in accordance with the agreed-upon terms, which may include interest or other charges depending on the credit agreement’s conditions..


More From CoinRank


CoinRank is not a certified investment, legal, or tax advisor, nor is it a broker or dealer. All content, including opinions and analyses, is based on independent research and experiences of our team, intended for educational purposes only. It should not be considered as solicitation or recommendation for any investment decisions. We encourage you to conduct your own research prior to investing.


We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.



CoinRank Exclusive brings together primary sources from various fields to provide readers with the most timely and in-depth analysis and coverage. Whether it’s blockchain, cryptocurrency, finance, or technology industries, readers can access the most exclusive and comprehensive knowledge.