A creditor's a party (for example person, organization, company, or government) that's a claim to the services of a second party. It's a person or institution to whom money's owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property or service. The second party's frequently called a debtor or borrower. The first party's the creditor, which's the lender o… (More on Creditor)