Meaning of the word creditors in English

What does creditors mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

creditors

US /ˈkrɛdɪtərz/
UK /ˈkrɛdɪtəz/

Plural Noun

people or institutions to whom money is owed

Example:
The company is struggling to pay its creditors.
The bank is one of the largest creditors of the struggling business.