Business / Taxes / Creditor: A person or company who provides credit to another person or company functions as a creditor. For example, if you take out a mortgage or car loan at your bank, then the bank is your creditor. But if you buy a bond issued by a corporation or other institution, you are the creditor because the money you pay to buy the bond is actually a loan to the issuer.
Business / Debt / Unsecured Creditor: A creditor who does not hold security (such as a mortgage) for money owed. MORE