creditor

An obligee, a person, natural or artificial, public or private, in whose favor an obligation exists by reason of which he is or may become entitled to the payment of money, at least if the obligation is one on a liquidated demand based upon an agreement. Henley v Myers, 76 Kan 723, 93 P 168; Lindstrom v Spicher, 53 ND 195, 205 NW 231, 41 ALR 968, 971. A general creditor, a secuired creditor, a lien creditor, and any representative of creditors, including an assignee for the benefit of creditors, a trustee in bankruptcy, a receiver in equity, and an executor or administrator of an insolvent debtor's or assignor's estate. 15 Am J2d Com C § 7. As the term appears in an assignment for the benefit of creditors, "creditor" means one who has a definite demand against the assignor, or a cause of action capable of adjustment and liquidation at trial. 6 Am J2d Assign for Crs § 109. As the term appears in the Bankruptcy Act, unless inconsistent with the context, "creditor" includes anyone who owns a debt, demand or claim provable in bankruptcy, and may include his duly authorized agent, attorney, or proxy. 9 Am J2d Bankr § 389 Under the Uniform Fraudulent Conveyance Act, a creditor is a person having any claim, whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent. Uniform Fraudulent Conveyance Act § 1, applied in American Surety Co. v Conner, 251 NY 1, 166 NE 783, 65 ALR 244. See debtor and creditor relationship.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… …   Law dictionary

  • creditor — CREDITÓR, OÁRE, creditori, oare, adj., s.m. şi f. 1. adj. (Despre persoane fizice sau juridice) Care a creditat; (despre sume) care se înscrie în creditul unui cont. 2. s.m. şi f. Titular al unui drept de creanţă; persoană sau instituţie care a… …   Dicționar Român

  • creditor — a person to whom or business to which the debtor owes money or that claims to be owed money by the debtor (Glossary of Common Bankruptcy Terms) That person who has a claim, preferred, secured or unsecured, provable under the Bankruptcy and… …   Glossary of Bankruptcy

  • creditor — mid 15c., from Anglo Fr. creditour, O.Fr. creditour (early 14c.), from L. creditor truster, lender, from creditus, pp. of credere (see CREDO (Cf. credo)) …   Etymology dictionary

  • creditor — [kred′it ər] n. [ME creditour < L creditor: see CREDIT] a person who extends credit or to whom money is owed …   English World dictionary

  • Creditor — Cred it*or (kr?d ?t ?r), n. [L.: cf. F. cr?diteur. See {Credit}.] 1. One who credits, believes, or trusts. [1913 Webster] The easy creditors of novelties. Daniel. [1913 Webster] 2. One who gives credit in business matters; hence, one to whom… …   The Collaborative International Dictionary of English

  • Credĭtor — (lat.), Gläubiger, s.d. und Concurs …   Pierer's Universal-Lexikon

  • Credĭtor — (lat.), der Gläubiger …   Meyers Großes Konversations-Lexikon

  • Creditor — Creditor, der Gläubiger …   Herders Conversations-Lexikon

  • CREDITOR — in debitorem quid iuris habuerit, apud Romanos, indigitat ista decemvirorum lex: ERIS. CONFESSI. DEBITI. Q. IURE. IUDICATIS. TRIGINTA. DIES. IUSTEI. SUNTO. POST. DEINDE. MANUS. INIECTIO. ESTO. IN. IUS. DUCITO. NI. IUDICATUM. FACIT. AUT. QUIS.… …   Hofmann J. Lexicon universale

  • creditor — ► NOUN ▪ a person or company to whom money is owing …   English terms dictionary

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