Creditor
Term · Law · MLC-T-LAW-000074
A person, company, or other entity to whom a debt is owed by another party, the debtor. The creditor has a legal claim on the debtor's assets and the right to demand repayment of the money or property that was loaned. In bankruptcy proceedings, creditors are categorized as secured, having a claim on specific collateral, or unsecured.
A person to whom or business to which the debtor owes money or that claims to be owed money by the debtor.
| Identifier | MLC-T-LAW-000074 |
|---|---|
| Field | Law |
| References | U.S. Courts Glossary of Legal Terms |
Record as JSON
{
"id": "MLC-T-LAW-000074",
"term": "Creditor",
"field": "Law",
"definitions": [
"A person, company, or other entity to whom a debt is owed by another party, the debtor. The creditor has a legal claim on the debtor's assets and the right to demand repayment of the money or property that was loaned. In bankruptcy proceedings, creditors are categorized as secured, having a claim on specific collateral, or unsecured.",
"A person to whom or business to which the debtor owes money or that claims to be owed money by the debtor."
],
"references": [
"U.S. Courts Glossary of Legal Terms"
],
"url": "https://mlchart.com/terminology/law/creditor/"
}
Record 1,256 of 5,445 in Law terminology (MLC-0107). Request the full dataset.