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Creditor facts for kids

Kids Encyclopedia Facts

A creditor is a person who loans money to another person. The person who gets the loan is called the borrower. Creditors are sometimes called moneylenders. Creditors expect the borrower to pay the money back at a later time. The creditor usually gets extra money from the borrower. This extra money is called interest.

See also

Kids robot.svg In Spanish: Acreedor para niños

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Creditor Facts for Kids. Kiddle Encyclopedia.