What's the difference between creditor and debtor?

Creditor


Definition:

  • (n.) One who credits, believes, or trusts.
  • (n.) One who gives credit in business matters; hence, one to whom money is due; -- correlative to debtor.

Example Sentences:

  • (1) A statement from the company said it had assigned all its assets for the benefit of creditors, in accordance with Massachusetts' law.
  • (2) Far from securing the regime change they were seeking, the creditors now find that Syriza is being supported by all Greek political parties apart from the communists and the neo-Nazi party Golden Dawn.
  • (3) As Greece pleads with its eurozone creditors for more time in meeting its fiscal adjustment targets, Dombrovskis is a fierce champion of surgical austerity applied quickly and ruthlessly.
  • (4) Providing an upfront, unconditional component to debt relief is critical to provide a strong and credible signal to markets about the commitment of official creditors to ensuring debt sustainability, which in itself could contribute to lowering market financing costs.
  • (5) Groups such as the Consumer Credit Counselling Service (CCCS) can help you negotiate payment arrangements with your creditors.
  • (6) Instead, those who ordered through the company will be treated as unsecured creditors.
  • (7) It has proposed linking repayment of the debt to growth (the only real way of paying creditors and of guaranteeing their rights), and has indicated its desire to implement those structural reforms needed to strengthen an impoverished state left too long in the hands of corrupt elites.
  • (8) Greece’s debt is currently around 175% of its annual national income, most of it owed to official creditors such as the European Central Bank or the International Monetary Fund.
  • (9) In conclusion, there is a reasonable chance that retirement plan assets in Delaware qualified plans are insulated from judgment creditors, but the best course is to maintain adequate insurance protection and follow an aggressive prejudgment strategy in serious cases so you don't have to resolve the issue in a bankruptcy proceeding.
  • (10) Hours after Greece’s bailout programme with its creditors expired and the country became the first in the developed world to miss an IMF loan repayment, Greek pensioners without debit cards were at last able to withdraw some cash.
  • (11) Greece's eurozone creditors are demanding that the government in Athens introduce a six-day working week as part of the stiff terms for the country's second bailout.
  • (12) You make a monthly payment to the court and it is split between the creditors.
  • (13) No sign of an OMT announcement.. September 10, 2012 Updated at 2.46pm BST 2.12pm BST Another development in Greece: there is growing speculation in Athens today that with Greek debt still at a whopping 166% of GDP – despite a massive write-down by private sector creditors earlier this year – another haircut, this time by the official sector, is on the cards.
  • (14) It suggests government-led programmes to restructure debt and tax breaks to persuade creditors to lengthen repayment periods.
  • (15) Meanwhile, MPs in Athens approved the contentious reforms and austerity package demanded by its creditors amid angry scenes in parliament and violent clashes on the streets on Wednesday.
  • (16) For three months, a battle of brinkmanship has been going on between the government of Alexis Tsipras and its European creditors over a cash-for-reforms plan that would give Greece the €7.2bn worth of rescue funds that it needs to meet its debt payments.
  • (17) Creditors plan to ringfence Greek economy if Tsipras refuses to give in Read more Yet when asked about their attitude to the EU itself, 76% of Greeks said they mistrusted it.
  • (18) And leaving the programme should be the responsibility not just of the debt country but the creditor country as well.” Athens, Tsakalotos continued, had kept its side of the bargain, legislating highly unpopular reforms to produce savings of 2% of GDP, while the European Union and International Monetary Fund had not kept theirs.
  • (19) Persistent critic The truce was supposed to allow INM to present a united front to creditors as it tried to renegotiate €1.3bn of debt and €200m worth of bonds, but it was a coup for O'Brien.
  • (20) The bank filed for Chapter 11 bankruptcy, which provides protection from creditors while it liquidates its business.

Debtor


Definition:

  • (n.) One who owes a debt; one who is indebted; -- correlative to creditor.

Example Sentences:

  • (1) This sends the dangerous message that the citizens of the debtor countries need to suffer badly to signal their contrition.
  • (2) Instead, they enact bankruptcy laws to provide the ground rules for creditor-debtor bargaining, thereby promoting efficiency and fairness.
  • (3) The Irish, who have ruined themselves to bail out their banks, would not take kindly to a country in an analogous situation being given a card to get out of debtors' jail for free.
  • (4) The magic of inflation, for debtors, is that it devalues the debt and makes it easier to service.
  • (5) Talk of debtors and creditors simply “working together” ignores existing UN agreements, dating back to 2002, that clearly recognise the joint responsibility of both the lender and borrower.
  • (6) From his perspective, I must have remained my grandparents’ debtor in perpetuity.
  • (7) Creditor nations were free to hoard as they liked, placing the burden of action on debtor nations who had very little choice but to act in ways that tended to depress their domestic economies.
  • (8) This misallocation of responsibilities is dangerous for Britain's private debtors, so please give the determination of the full spectrum of rates your full attention.
  • (9) Surplus countries bought assets in debtor countries; the money churning through New York and London kept the dollar and the pound strong, made imports cheaper and allowed policymakers to keep interest rates low.
  • (10) Looks like Soros is still speaking now - here are a couple more newsflashes: • FUND MANAGER GEORGE SOROS SAYS MINIMAL ACTION BY GERMANY WILL NOT BE ENOUGH TO HELP DEBTOR EURO-ZONE NATIONS RECOVER • SOROS SAYS FUNDAMENTAL FLAWED ASSUMPTION IN EUROPE CRISIS IS THAT GOVERNMENTS ARE 'RISKLESS' He has also warned that there is a real danger that the euro crisis will destroy the European Union....
  • (11) Instead of brokering such an agreement, which might involve creditor countries such as Germany and China agreeing to boost their demand, instead of relying solely on cutbacks in debtor countries to narrow the divide, the IMF has repeatedly been dragged into rubber-stamping botched bailouts and harsh austerity policies when tackling the eurozone sovereign debt crisis.
  • (12) He suggested the Bank of England ought to return interest rates to "normal levels, say 3% to 5%", so that society treated "the saver as fairly as it treats the debtor".
  • (13) To be eligible for a DRO, debtors must have debts of less than £15,000 and be on a low income.
  • (14) The Westlife singer has followed dozens of other Irish debtors who have sought to use Britain's more liberal bankruptcy laws to wipe out their debts.
  • (15) There is no reason why a constitutional solution that involves debt limitation should not command a large measure of public acceptance, especially in debtor countries, which have experienced the political and economic damage caused by previous profligate governments.
  • (16) Contagion to the government bonds of the next weakest eurozone debtor nation would probably not be immediate, but any new crisis in a weak economy could potentially trigger aggressive speculation.
  • (17) His solution was an ingenious system for persuading the creditor nations to spend their surplus money back into the economies of the debtor nations.
  • (18) Financial sector: amendments on insolvency laws will aim to get debtors to pay up loans, while consultants will help on how to deal with bad loans.
  • (19) And the head of the FBI implied police violence would go down if we could all admit, Avenue Q style , that “everyone’s a little bit racist.” In Ferguson, citizens must sue to stop being subjected to illegal debtors prisons .
  • (20) To borrow a cliche, creditors, debtors and politicians will all need to compromise more if they want to move this saga on to a more sustainable path.