View our full Glossary of accounting & payroll terms Visit full glossary Glossary definition What is a creditor? A creditor is somebody (or an entity like a company) to whom money is owned by a debtor. Recommended Next Read April 30, 2024 How to budget for AI adoption: Tips for CFOs Related topics Business finances Search Search for: See this term in action 26 April, 2024 4 min read What is revenue and how to calculate it 25 April, 2024 4 min read Cost of goods sold: What is it and how to calculate it? 25 April, 2024 4 min read AI for family offices: How to work smarter Learn more about this definition and others Featured reading 11 March, 2024 11 min read Spring Budget 2024: What the announcements mean for your business 7 December, 2023 11 min read HR trends in 2024: Everything HR leaders need to know 22 December, 2023 17 min read The top 14 finance trends in 2024: Everything CFOs need to know Popular termsWhat is opening balance?What is a nominal account?What is global human resources management?What is an invoice payment?