Basic Details
Word: Creditor
Part of Speech: Noun
Meaning: A person, bank or company to whom money is owed.
Synonyms: lender
Antonyms: debtor, borrower
How to Spell Creditor
Syllables: cred - i - tor
Tricky part: The ending is or, not er. Many words for people end in er, so students write crediter.
Watch out for: crediter, creditour, creditar
Memory tip: A creditor is owed money, and the or ending matches its opposite partner, debtor: credit-or, debt-or.
Usage Examples
Example 1: The shopkeeper paid back every creditor before closing his business.
Example 2: The bank is the creditor when a family takes a home loan.
Example 3: A creditor may charge interest if the money is paid late.
Fun Fact
In accounting, the money a business owes to its creditors is listed as a liability on its balance sheet.
Practise the CREST Way
Word Connection
Choose the word opposite in meaning to creditor as used in the sentence:
When the factory closed, the biggest creditor, a bank in Chennai, asked for its loan to be repaid at once.
a) banker
b) debtor
c) investor
d) lender
Show answer
b) debtor. A creditor lends and a debtor owes, so they are opposites.
Spell-o-Spell
One word in the list is misspelt. Choose what that word means.
1. editor 2. auditor 3. crediter 4. visitor
a) a person who comes to see a place or person
b) a person or company that is owed money
c) a person who checks a company's accounts
d) a person who checks and corrects writing before it is printed
Show answer
b) a person or company that is owed money. Crediter is misspelt; it ends in or, just as editor, visitor and auditor do.
Mingle-Mangle
Unjumble the word in the sentence and choose it:
Before shutting his shop, the tailor made sure he repaid every ortdirec in full.
a) creditor
b) corridor
c) director
d) editor
Show answer
a) creditor. Money is repaid to a creditor; a director runs a firm or a film, even though it uses the same eight letters.
Multiple Choice Questions
1. If you borrow money from a friend, your friend is your ____.
a) partner
b) client
c) creditor
d) debtor
Show answer
c) creditor
2. Which word fits? A creditor is someone who is ____ money.
a) paying
b) hiding
c) printing
d) owed
Show answer
d) owed
