creditor (kreditor)

[OF. credit eur, cred i tour = Sp. a creed or = Pg. acred or, cred or = It. credit ore = G. creditor = Dan. Sw. kreditor, The easy creditors of novelties. Daniel , Civil Wars, iii. 84. IMG:content-1582.png:[blocks in formation] Catholic creditor. See catholic. - Creditor exchanges. See clearing- house. Creditor's action, or creditor's bill. (a) An action or a bill in equity, by one or more creditors, in many cases in behalf also of all other creditors who shall come in under the judgment or decree, to reach a ets such as could not be sold on execution at law, for an account of the a ets and a due settlement of the estate: commonly called a strict creditor's bill. (b) A similar action or bill to set aside a fraudulent transfer of a ets which may be sold on execution: commonly called a bill in the nature of a creditor's bill, or a bill in aid of an execution. - Executor creditor. See executor. Preferred creditor, a creditor who by law is entitled to an advantage, as in the time or amount of payment, not po e ed by other creditors. - Secondary creditor, in Scots law, an expre ion used in contradistinction to catholic creditor. To delay creditors, See delay.