Accounting Dictionary

Creditor

A creditor is someone to whom the company owes money.

If I borrowed $40,000 from 1st National Bank, 1st National bank would be my creditor. I am obligated to pay them back the $40,000 I borrowed.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!

Scroll to Top