Definition
A creditor is an individual or institution that lends money or extends credit.
Why It Matters
Creditors provide the funds that allow borrowing and investment.
Example
A bank issuing a personal loan.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
A creditor is an individual or institution that lends money or extends credit.
Creditors provide the funds that allow borrowing and investment.
A bank issuing a personal loan.