Spell Bee Word: creditor

Basic Details

Word: Creditor

Part of Speech: Noun

Meaning: A person or organisation that lends money or gives credit to another person or organisation.

Synonyms: Lender, creditor, financier

Antonyms: Debtor, borrower

Idioms and Phrases

In the creditor's good books: Being liked or approved by the lender, often due to timely repayments. Example: "By paying off my loan early, I stayed in the creditor's good books."
At the mercy of the creditor: Being in a situation where you depend on the lender's decisions or kindness. Example: "If I can't pay my bills, I will be at the mercy of the creditor."

Usage Examples

Example 1: The creditor agreed to extend the repayment period so I could manage my finances better.

Example 2: After receiving the loan, the creditor explained all the terms and conditions I needed to follow.

Example 3: It's important for a debtor to respect their agreement with the creditor to maintain a good relationship.

Fun Fact

The term "creditor" comes from the Latin word "credere," which means "to believe." This implies that a creditor believes the borrower will repay the loan.

Famous Quote

"A creditor is a person who is in a position to lend money." Anonymous

Multiple Choice Questions (MCQs)

1. What does "creditor" mean?

a) A person who borrows money
b) A person or organisation that lends money
c) A kind of bank account
d) A type of investment

Answer: b) A person or organisation that lends money

2. Which of these is a synonym of "creditor"?

a) Borrower
b) Debtor
c) Lender
d) Spender

Answer: c) Lender

3. What is the opposite of "creditor"?

a) Lender
b) Investor
c) Debtor
d) Sponsor

Answer: c) Debtor

4. Which sentence uses "creditor" correctly?

a) The creditor enjoyed the concert.
b) The creditor provided funds for my project.
c) The creditor decided to take a holiday.
d) The creditor danced all night.

Answer: b) The creditor provided funds for my project.

5. What does it mean to be "at the mercy of the creditor"?

a) To have complete control over your finances.
b) To depend on the creditor's decisions.
c) To enjoy financial independence.
d) To avoid borrowing money.

Answer: b) To depend on the creditor's decisions.

Associated Words

How to participate in CREST International Spell Bee

The CREST International Spell Bee (CSB) is conducted in two editions – CREST International Spell Bee - Summer (CSB) and CREST International Spell Bee - Winter (CSBW) – giving students across the globe an opportunity to showcase and enhance their spelling proficiency. Designed for young learners from Grades 1 to 8, the competition focuses on word-building, pronunciation, and vocabulary enrichment, helping students develop strong linguistic skills.

Steps to Participate:

Step 1: Visit the registration page and complete the registration with your desired subject.

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Step 3: After login, got to dashboard and click on Book slot/Take Exam

Step 4: Schedule your exam date and preferred time.

Step 5: Log in with your credentials on the exam day at the scheduled time and take the exam.

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