Refers to someone you have a financial obligation towards, usually because of a debt. I'm saving money to settle my account with the creditor next week.
Pro Tip 2/3
Depth of Debt
Can imply the extent of your financial obligations; the more creditors you have, the deeper in debt you may be. Multiple creditors are calling me for payments.
Pro Tip 3/3
Payment Priority
Some creditors are prioritized for repayment over others based on the type of debt. Mortgage creditors are usually paid first due to the loan's secured nature.