Creditor's rights

When you borrow money from someone, it means that you owe them some money. The person who lends you money is called a "creditor".

Now, there are certain "rights" that the creditor has, which means that they can do some things to get their money back from you in case you don't pay them back on time. Let's say you borrowed some money from your friend and promised to pay it back in a week. But after a week, you still haven't paid your friend back.

In such a situation, your friend has the right to do some things to get their money back. They might ask you why you haven't paid them yet or when you can pay them back. If you still don't pay them, they might start calling you and reminding you to pay the money back. If you still don't pay them, they might take legal action against you, such as filing a lawsuit, to try and get their money back.

In summary, creditor's rights are the legal rights that a person or company has to try and get their money back when someone owes them money. They can take different steps to try and get their money back, and if necessary, they can even go to court to get a judge to force the person who owes them money to pay it back.