- creditor
- An obligee, a person, natural or artificial, public or private, in whose favor an obligation exists by reason of which he is or may become entitled to the payment of money, at least if the obligation is one on a liquidated demand based upon an agreement. Henley v Myers, 76 Kan 723, 93 P 168; Lindstrom v Spicher, 53 ND 195, 205 NW 231, 41 ALR 968, 971. A general creditor, a secuired creditor, a lien creditor, and any representative of creditors, including an assignee for the benefit of creditors, a trustee in bankruptcy, a receiver in equity, and an executor or administrator of an insolvent debtor's or assignor's estate. 15 Am J2d Com C § 7. As the term appears in an assignment for the benefit of creditors, "creditor" means one who has a definite demand against the assignor, or a cause of action capable of adjustment and liquidation at trial. 6 Am J2d Assign for Crs § 109. As the term appears in the Bankruptcy Act, unless inconsistent with the context, "creditor" includes anyone who owns a debt, demand or claim provable in bankruptcy, and may include his duly authorized agent, attorney, or proxy. 9 Am J2d Bankr § 389 Under the Uniform Fraudulent Conveyance Act, a creditor is a person having any claim, whether matured or unmatured, liquidated or unliquidated, absolute, fixed, or contingent. Uniform Fraudulent Conveyance Act § 1, applied in American Surety Co. v Conner, 251 NY 1, 166 NE 783, 65 ALR 244. See debtor and creditor relationship.
Ballentine's law dictionary. Anderson, W.S.. 1998.