Latin Legal Terms

Creditor

Creditor – in the legal practice, namely within the area of Contract Law, this Latin term refers to the figure of a person who has a monetary claim against the debtor; i.e. the party to which the debtor owes money or performance of certain obligation. Creditor is also known as “debt holder”.

There is also another meaning of “creditor” – namely of a person who gives credence to something; i.e. a believer in something. It is important to point here that the origin of the word is the word “credo”, which means to trust in; to rely on. An antonym is “debtor”.

In practice, the word participates in the legal maxim “Debitor creditoris est debitor creditori creditoris”, used in the Litigation procedures. Literally it means that the debtor of the creditor is also the debtor of the creditor's creditor.

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