Legal Definitions - joint creditor

A joint creditor is a person or entity who, along with another creditor, has the right to demand payment from a debtor. For example, if two people loan money to a borrower, they are joint creditors and can both demand repayment.

One example of joint creditors is when a married couple co-signs a loan. If the borrower defaults on the loan, both spouses are joint creditors and can demand payment from the borrower.

Another example is when two business partners lend money to a third party. In this case, both partners are joint creditors and can demand repayment from the borrower.