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Legal Definitions - creancer

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Definition of creancer

The term creancer is a historical legal term that refers to a creditor.

In essence, a creancer was an individual or entity to whom money, goods, or services were owed by another party. It describes the position of someone who has extended credit or performed a service for which payment or fulfillment is still outstanding.

Here are some examples illustrating the historical use of the term:

  • Example 1: A Merchant Extending Credit
    Imagine a spice merchant in 15th-century Venice who supplied a large quantity of saffron to a local chef for an upcoming banquet. The chef agreed to pay the full amount within a month of delivery. During that month, before the payment was made, the spice merchant would be considered the creancer because the chef owed them payment for the goods received.
  • Example 2: A Lender of Funds
    Consider a wealthy landowner in 18th-century rural England who lent a sum of money to a tenant farmer to help him purchase new livestock. The agreement stipulated that the loan, with interest, was to be repaid after the harvest. Until the farmer repaid the debt, the landowner held the position of the creancer, as the farmer was indebted to them for the borrowed funds.
  • Example 3: A Craftsman Awaiting Payment for Services
    Suppose a skilled stonemason in medieval France completed an intricate carving for the facade of a new cathedral. The church officials had commissioned the work and agreed to pay the mason upon its completion. If there was a delay in processing the payment after the carving was finished, the stonemason would be the creancer during that period, awaiting the agreed-upon compensation for their labor and artistry.

Simple Definition

Creancer is a historical legal term derived from Law French. It refers to a creditor, which is a person or entity to whom a debt is owed.