Creditor is defined in Black’s Law Dictionary 6th edition as “A person to whom a debt is owing by another person who is the ‘Debtor’.” A bank or entity who lends money is known as a Creditor.
But as we look more closely at the modern, western banking system, we find that money is created by our authority and its is our commitment to create value in the society, enshrined in a “obligation” that is the basis for the creation of money. But that’s a story for another time….
There is also another. related but different definition or Creditor that was coined by Brandon Adams, the founder of Creditors in Commerce. That definition might be translated as something like “One who takes full responsibility for his or her actions and who brings remedy to all situations they are a party to.”
A Creditor by that definition is an ideal member of the community. Being a Creditor is a goal we aspire to and is an idea that we constantly bring ourselves back to. A “Creditor in Commerce” is one who is responsible for their actions, is forward looking and optimistic, and who uses modern economics and law to the healthful and modest advantage of him or herself and to the advantage of their community and society at large.
As an eternal Creditor in Training, I aspire to the highest universal principles and I work to bring awareness of these principles to others and to continuously reinforce them in myself.
