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NeCede's

Maxim 6.5.3

Under the term "creditors" are included not only those who have lent money, but all to whom, from any cause, a debt is owed.

Sub nomine creditorum veniunt non tantum qui pecuniam crediderunt, sed omnes quibus ex qualibet causa debetur.

Source: Dig. 50, 16, 11; Weisman, 28c Difficulty 2/5 — Approachable

Explanation

The word "creditor" extends beyond lenders to every person who holds a lawful claim — including the People as beneficiaries of the public trust.

Where this applies

  • The IRS says they're a 'creditor' but they didn't lend me any money — can they still be called that?
  • I owe someone a favor, not money — are they still considered a creditor?

Topics

Debt & Creditors

Legal domains

commercialcontract

See also

Cite this maxim

NeCede Max. 6.5.3 — Under the term "creditors" are included not only those who have lent money, but all to whom, from any cause, a debt is owed. — Dig. 50, 16, 11; Weisman, 28c (Sub nomine creditorum veniunt non tantum qui pecuniam crediderunt, sed omnes quibus ex qualibet causa debetur.)

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