creditors
Pronunciation: [ˈkrɛdɪtərz]
Word
Context: “finance”
(noun) people or companies that lend money or provide goods and expect to be paid back later. If you borrow money to buy a bike, the bank is a creditor because they want you to return the money.
Example
The company paid its creditors on time last month.
Example
They could not pay their creditors, which made their situation worse.
Example
Who are the main creditors for our business?
Context: “legal”
(noun) individuals or organizations that have the right to get money from someone who owes it to them. If a person fails to pay their bills, the creditors have the right to ask for their money back.
Example
The creditors submitted their claims to the court during the bankruptcy process.
Example
Without legal protection, creditors can take actions to recover their money.
Example
How many creditors filed claims against the debtor?
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