Creditor: Canada Debt .ca defines Creditor

Bankruptcy Term Creditor

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Canada Debt has the definition to the bankruptcy and debt term Creditor. Finding answers to terms such as Creditor can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Creditor in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Creditor' is used as follows:

That person who has a claim, preferred, secured or unsecured, provable under the Bankruptcy and Insolvency Act. An entity that has a claim to the services of a second party. It is a person or institution to whom money is owed.