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Simple English definitions for legal terms
creancer
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A quick definition of creancer:
Term: creancer
Definition: Creancer is an old word that means a creditor. This is someone who has lent money or provided goods or services to someone else and is waiting to be paid back. Another way to spell creancer is creansour.
A more thorough explanation:
Creancer
A creancer is a person or entity that is owed money by another person or entity. In legal terms, a creancer is a creditor.
- John is a creancer because he loaned money to his friend and his friend has not yet paid him back.
- The bank is a creancer because it has given a loan to a business and the business has not yet paid back the loan.
These examples illustrate the definition of creancer because in both cases, there is a person or entity that is owed money by another person or entity. John and the bank are both creditors, or creancers, because they have given money to someone else and are waiting for it to be paid back.