View our full Glossary of accounting & payroll terms Visit full glossary Related topics Business finances Search for another term Search for: 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 March 17, 2023 Spring Budget 2023: What the announcements mean for your business See this term in action 3 March, 2023 8 min read How non-profit finance teams can reduce complexity and thrive 3 March, 2023 8 min read How female founders can find funding for their businesses 10 February, 2023 4 min read New Sage Business Cloud updates now live Learn more about this definition and others Featured reading 3 February, 2023 7 min read Payroll year end checklist: Here's what your business needs to do 16 January, 2023 6 min read Self-employed allowable expenses you can claim on 20 December, 2022 5 min read Making Tax Digital for Income Tax delay: Everything you need to know Popular termsWhat is a chatbot?What is an invoice payment?What is a nominal ledger?What is a competency assessment?