Legal Definitions - catholic creditor

Definition: A Catholic creditor is a person or entity to whom a debt is owed. They are also known as a creditor, which is someone who gives credit for money or goods. They have a definite claim against another, especially a claim that is capable of adjustment and liquidation.

Example: If John borrows $100 from Mary, Mary becomes a Catholic creditor because John owes her the money.

This example illustrates the definition because Mary is a person to whom a debt is owed, and she has a definite claim against John for the $100 he borrowed from her.