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. Related topics Business finances Search Search for: See this term in action 1 October, 2024 6 min read What is financial reporting? 1 October, 2024 7 min read A guide to understanding depreciation 23 September, 2024 7 min read Basis points (BPS) explained: A quick guide for small businesses 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 net income? What is a nominal account?What is an invoice payment?What is opening balance?
