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Information and description:
A creditor is a party (e.g. person, organization, company,
or government) that claims that a second party owes the first
party some property or service. The first party, in general,
has provided some property or service to the second party
under the assumption (usually enforced by contract) that the
second party will return an equivalent property or service.
The first party is frequently called a lender, and the second
party is frequently called a debtor or borrower.
In other words, your creditors are people to whom you owe
money.
The term creditor is frequently used in the financial world,
especially in reference to short term loans, long term bonds,
and mortgages.
The term creditor derives from the notion of credit. In modern
America, credit refers to a rating which indicates the ability
of a borrower and likelihood to pay back his loan. In earlier
times, credit also referred to reputation or trustworthiness.
See
also:
•
List
of Finance Topics
• Adverse Credit History
• Bankruptcy
• Debt
Consolidation
• Foreclosure
• Personal
Finance
• Student
Loan Consolidate
• Experian
• Liens
• Credit Score
• Annual percentage rate
• Interest rate
This
article is licensed under the GNU
Free Documentation License.
It uses material from the Wikipedia
article "Creditor".
creiditor, credytur, creitor, credtor, crediter, credyter,
ceditor, credeter, creditro, crediotr, credtior, creidtor,
crdeitor, credito, reditor, cerditor, rceditor, creditur,
crditor, credetur, credetor, credior, creditr,
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