Quotes about creditor

A collection of quotes on the topic of creditor, debtor, money, debt.

Quotes about creditor

“true Christians consider themselves not as satisfying some rigorous creditor, but as discharging a debt of gratitude”

William Wilberforce (1759–1833) English politician

Source: Real Christianity

“Remember that time is money. He that can earn ten shillings a day by his labor, and goes abroad, or sits idle, one half of that day, though he spends but sixpence during his diversion or idleness, ought not to reckon that the only expense; he has really spent, rather thrown away, five shillings, besides.
“Remember, that credit is money. If a man lets his money lie in my hands after it is due, he gives me interest, or so much as I can make of it during that time. This amounts to a considerable sum where a man has good and large credit, and makes good use of it.
“Remember, that money is of the prolific, generating nature. Money can beget money, and its offspring can beget more, and so on. Five shillings turned is six, turned again it is seven and three pence, and so on, till it becomes a hundred pounds. The more there is of it, the more it produces every turning, so that the profits rise quicker and quicker. He that kills a breeding sow, destroys all her offspring to the thousandth generation. He that murders a crown, destroys all that it might have produced, even scores of pounds.”
“Remember this saying, The good paymaster is lord of another man’s purse. He that is known to pay punctually and exactly to the time he promises, may at any time, and on any occasion, raise all the money his friends can spare. This is sometimes of great use. After industry and frugality, nothing contributes more to the raising of a young man in the world than punctuality and justice in all his dealings; therefore never keep borrowed money an hour beyond the time you promised, lest a disappointment shut up your friend’s purse for ever.
“The most trifling actions that affect a man’s credit are to be regarded. The sound of your hammer at five in the morning, or eight at night, heard by a creditor, makes him easy six months longer; but if he sees you at a billiard table, or hears your voice at a tavern, when you should be at work, he sends for his money the next day; demands it, before he can receive it, in a lump. ‘It shows, besides, that you are mindful of what you owe; it makes you appear a careful as well as an honest man, and that still increases your credit.’
“Beware of thinking all your own that you possess, and of living accordingly. It is a mistake that many people who have credit fall into. To prevent this, keep an exact account for some time both of your expenses and your income. If you take the pains at first to mention particulars, it will have this good effect: you will discover how wonderfully small, trifling expenses mount up to large sums, and will discern what might have been, and may for the future be saved, without occasioning any great inconvenience.
“For six pounds a year you may have the use of one hundred pounds, provided you are a man of known prudence and honesty.
“He that spends a groat a day idly, spends idly above six pounds a year, which is the price for the use of one hundred pounds.
“He that wastes idly a groat’s worth of his time per day, one day with another, wastes the privilege of using one hundred pounds each day.
“He that idly loses five shillings’ worth of time, loses five shillings, and might as prudently throw five shillings into the sea.
“He that loses five shillings, not only loses that sum, but all the advantage that might be made by turning it in dealing, which by the time that a young man becomes old, will amount to a considerable sum of money.””

Benjamin Franklin (1706–1790) American author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, …

Money, Pain, People, Lie

“Ah! That must be Aunt Augusta. Only relatives, or creditors, ever ring in that Wagnerian manner.”

Oscar Wilde The Importance of Being Earnest

Algernon, Act I
The Importance of Being Earnest (1895)

“What is now combated is the position that secession is consistent with the Constitution — is lawful and peaceful. It is not contended that there is any express law for it, and nothing should ever be implied as law which leads to unjust or absurd consequences. The nation purchased with money the countries out of which several of these States were formed. Is it just that they shall go off without leave and without refunding? The nation paid very large sums (in the aggregate, I believe, nearly a hundred millions) to relieve Florida of the aboriginal tribes. Is it just that she shall now be off without consent or without making any return? The nation is now in debt for money applied to the benefit of these so-called seceding States in common with the rest. Is it just either that creditors shall go unpaid or the remaining States pay the whole? A part of the present national debt was contracted to pay the old debts of Texas. Is it just that she shall leave and pay no part of this herself?”

Abraham Lincoln (1809–1865) 16th President of the United States

1860s, Fourth of July Address to Congress (1861)

Money, Peace, Law, Parting

“Unhappiness makes people vulnerable, incessant suffering unjust. Just as in the relations between a creditor and a debtor there is always an element of the disagreeable that can never be overcome, for the very reason that the one is irrevocably committed to the role of giver and the other to that of receiver, so in a sick person a latent feeling of resentment at every obvious sign of consideration is always ready to burst forth.”

Stefan Zweig book Beware of Pity

Beware of Pity (1939)

People, Feeling, Suffering, Personality

“Again: If one State may secede, so may another; and when all shall have seceded none is left to pay the debts. Is this quite just to creditors? Did we notify them of this sage view of ours when we borrowed their money? If we now recognize this doctrine by allowing the seceders to go in peace, it is difficult to see what we can do if others choose to go or to extort terms upon which they will promise to remain.”

Abraham Lincoln (1809–1865) 16th President of the United States

1860s, Fourth of July Address to Congress (1861)

Money, Peace

“Individuals who have been wronged by unlawful racial discrimination should be made whole; but under our Constitution there can be no such thing as either a creditor or a debtor race. That concept is alien to the Constitution's focus upon the individual.... To pursue the concept of racial entitlement - even for the most admirable and benign of purposes - is to reinforce and preserve for future mischief the way of thinking that produced race slavery, race privilege and race hatred. In the eyes of government, we are just one race here. It is American.”

Antonin Scalia (1936–2016) former Associate Justice of the Supreme Court of the United States

Adarand Constructors, Inc. v. Peña, 515 U.S. 200, 239 (1995) (Scalia, J., concurring).
1990s

Way, Thinking, Future

“If any one owe a debt for a loan, and a storm prostrates the grain, or the harvest fail, or the grain does not grow for lack of water; in that year he need not give his creditor any grain, he washes his debt-tablet in water and pays no rent for this year.”

Hammurabi (-1810–-1750 BC) sixth king of Babylon

Section 48 of the Code of Hammurabi (translated by Leonard William King, 1910).
Alternately translated as: If a man owe a debt and Adad inundate his field and carry away the produce, or, though lack of water, grain have not grown in the field, in that year he shall not make any return of grain to the creditor, he shall alter his contract-tablet and he shall not pay the interest for that year.

Water

“The ideas of debtor and creditor as to what constitutes a good time never coincide.”

P.G. Wodehouse book Love Among the Chickens

Source: Love Among the Chickens

Idea, Time

“Let us live in as small a circle as we will, we are either debtors or creditors before we have had time to look round.”

Johann Wolfgang von Goethe book Elective Affinities

Bk. II, Ch. 4
Elective Affinities (1809)

Time

“[I believe in] the throne…parliamentary institutions…private enterprise and individual opinion against the socialization of the state…equity in the distribution of public burdens and strict maintenance of public faith with the creditors of the state [and] a fresh guarantee of peace by an alliance with France and…Belgium for the defence of our common interests against unprovoked attack.”

Austen Chamberlain (1863–1937) British politician

Speech to the Oxford Carlton Club (3 March 1922), quoted in Maurice Cowling, The Impact of Labour, 1920-1924: The Beginnings of Modern British Politics (Cambridge: Cambridge University Press, 1971), p. 147.
1920s

Peace, Faith

“We investigate how the degree to which credit markets are centralized affects efficiency when there is asymmetric information. Specifically, we argue that decentralization of credit may promote efficient project selection when creditors are not fully informed ex ante about project quality.
Our starting point is the idea that, although an entrepreneur (project manager) may have a relatively good idea of her project's quality from the outset, creditors acquire this information only later on, by which time the criteria for profitability may have changed. Thus, a poor project (one whose completion time is too long to be profitable ex ante) may nevertheless be financed, since a creditor cannot distinguish it at the time from a good (quick) project.”

Eric Maskin (1950) American Nobel laureate in economics

Mathias Dewatripont and Eric Maskin. " Credit and efficiency in centralized and decentralized economies http://www.sef.hku.hk/~cgxu/0601/ECON0601/Dewatripont-Maskin_SBC_RES95.pdf." The Review of Economic Studies 62.4 (1995): 541-555.

Idea, Change, Time

“Indeed, India has become notorious as a country in which a very large part of the working population is laboring in effective debt peonage to a landlord or other creditor.”

David Graeber (1961) American anthropologist and anarchist

Source: Debt: The First 5,000 Years (2011), Chapter Ten, "The Middle Ages", p. 256

Parting, Country

“The truth is that we have got our way. We have got most of the things we set out to get. If you had told the British people twelve months ago that they would have secured what they have, they would have laughed you to scorn. The German Navy has been handed over; the German mercantile shipping has been handed over, and the German colonies have been given up. One of our chief trade competitors has been most seriously crippled and our Allies are about to become her biggest creditors. That is no small achievement. In addition, we have destroyed the menace to our Indian possessions.”

David Lloyd George (1863–1945) Former Prime Minister of the United Kingdom

Quoted in Lord Riddell's diary entry (30 March 1919), J. M. McEwen (ed.), The Riddell Diaries 1908-1923 (London: The Athlone Press, 1986), p. 263
Prime Minister

People, Truth, Way

“When debtors once have borrowed all we have to lend, they are very apt to grow shy of their creditors' company.”

John Vanbrugh The Provoked Wife

The Provoked Wife (1698)

“When America's creditors consider our behavior they see total fiscal irresponsibility. They see a deluded country that acts as if it is a privilege for foreigners to lend to it, and a deluded country that believes that foreigners will continue to accumulate US debt until the end of time.The fact of the matter is that the US is bankrupt.”

Paul Craig Roberts (1939) American economist

"A Bankrupt Superpower" http://www.counterpunch.org/roberts03182008.html, CounterPunch (2008-03-18)

Behavior, Country

“We went from losses to goods seized by creditors, while continuing to organize surrealist or abstract exhibitions…”

Christian Dior (1905–1957) French fashion designer

In September 1932 when there was world wide economic crisis
Source: Marie France Pochna, "Christian Dior: The Man who Made the World Look New", p. 53

Loss

“Ah, fortune and fame shall follow me…and I shall dwell in the world of the chosen for a few moments of fleeting ecstasy; ere the seven burly lads turn into creditors and hustle me off to debtors' prison at last.”

Hunter S. Thompson (1937–2005) American journalist and author

Letter to Porter Bibb III (6 February 1957), p. 44
1990s, The Proud Highway : The Fear and Loathing Letters Volume I (1997)

World

“I continued for some time longer to ramble with Strauss and other school-fellows, to visit coffee-houses and billiard-rooms, but had a great antipathy to other debaucheries. The company of comedians of Mr. Seiler came just now to Celle, performing comedies and tragedies. This was a new life for me; I became acquainted with each individual of this company; they all were fond of me; the beautiful Madame Koch gave me lessons in dancing, and I suddenly deserted all my former companions, neglecting them to such a degree, that one Mackphail, considering my conduct as an insult to the whole school, sent me a challenge, which ended in ray wounding him in the hand. My father loved me dearly, but did not much inquire into my conduct; he allowed me a great deal of money, but owing to my attachment to Ferry, whose salary was but small, I provided him with money, and having myself an extravagant taste for dress, I was often in great difficulties to pay my bills, of which my father was ignorant, till my creditors became troublesome, and my good father immediately discharged them, after giving me some kind admonition.”

Albrecht Thaer (1752–1828) German agronomist and an avid supporter of the humus theory for plant nutrition

My Life and Confessions, for Philippine, 1786

Love, Life, Money, School

“International indebtedness involves not only the usual slavery of debt, but the interest of the creditor nations in the debtor country.”

Gustav Stresemann (1878–1929) German politician, statesman, and Nobel Peace Prize laureate

Article for Zeit (20 April 1924), quoted in W. M. Knight-Patterson, Germany. From Defeat to Conquest 1913-1933 (London: George Allen and Unwin, 1945), p. 348
1920s

Country

“The referendum of 5th July will stay in history as a unique moment when a small European nation rose up against debt-bondage…
Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today.
I consider it my duty to help Alexis Tsipras exploit, as he sees fit, the capital that the Greek people granted us through yesterday’s referendum.
And I shall wear the creditors’ loathing with pride….”

Yanis Varoufakis (1961) Greek-Australian political economist and author, Greek finance minister

Minister-no-more http://yanisvaroufakis.eu/2015/07/06/minister-no-more/ at yanisvaroufakis.eu, 2015/07/06; cited in: I shall wear the creditors’ loathing with pride http://www.theguardian.com/world/commentisfree/2015/jul/06/yanis-varoufakis-resignation-statement-creditors-loathing-with-pride, in: theguardian.com, 6 July 2015.

People, History, Idea, Help

“So I pay myself first, invest the money, and let the creditors yell.”

Robert T. Kiyosaki (1947) American finance author , investor

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!

Money

“Privatization: Disposing of public sector assets at low prices and high sales commissions to powerful groups and individuals who generously supported the ruling party’s last election campaign. It provides short-run cash windfalls to the government, while weakening its power and its cash flows in the years to come. In the Third World, a means of making valuable assets available to First World creditors and investors at fire sale prices in a situation of virtual state bankruptcy.”

Edward S. Herman (1925–2017) American journalist

Source: Beyond Hypocrisy, 1992, Doublespeak Dictionary (within Beyond Hypocrisy), p. 166.

World, Support

“After two years of exploratory discussions, and a conference (1st - 22nd July), the Bretton Woods agreements were initially signed by 44 states; the others followed in the course of time. A co-author of the project was the United Kingdom, under the leadership of Winston Churchill. Since the Atlantic Charter, issued by Roosevelt and Churchill (August 14, 1941), UK shared the US commitment for the postwar dominance, a multilateral payment system, and an international cooperation. The US was then the world biggest creditor country”

Nico Perrone (1935) Italian historian and writer

Source: The international economy from a political to an authoritative drive, p. 129

World, Time, Country

“Companies that go bankrupt are a danger to healthy competition. They are able to make their creditors and shareholders pay for their losses and bad management and then to start anew with assets that they essentially got for free, quite unlike the competition that has not gone bankrupt, who have to pay full price for their assets, but quite similar to how their customers have wanted their products, for too little money.”

Erik Naggum (1965–2009) Norwegian computer programmer

Re: ...and even for those _NOT_ interested... http://groups.google.com/group/comp.lang.lisp/msg/8ff1b48135b78862 (Usenet article). <br class="br">Usenet articles, Miscellaneous

Money, Loss

“Blinkin Aaahhhh, you lost your arms in battle, but you grew some nice boobs (Blinkin gropes the Venus De Milo statue left behind after creditors take away Loxley Castle)”

Mel Brooks (1926) American director, writer, actor, and producer

Robin Hood: Men in Tights

“First in point of time and interest comes the mortgage debt, i. e. the claim for the return of money lent on the security of some tangible object. Such claims are among the earliest fruits of a commercial civilization, and are nearly always affected the same way, viz. by the deposit or pledge of the security with the creditor, to be redeemed or returned on the payment of the debt.”

Edward Jenks (1861–1939) British legal scholar

Source: A Short History Of The English Law (First Edition) (1912), Chapter IX, The Law Of Personal Property, p. 123

Money, Way, Time

“The messages of the prophets are essentially indictments of Israel for breach of covenant. They preserved some memory of the old traditions, but were not so naive as to think that the literal demands of the old law would be adequate in their own times. There is no condemnation of the stratification of society as such, rather a condemnation of the injustice and extortion which was done by the powerful. To take a specific example, the old law knew as security for a loan only the pledge (Exod. 22:26). In a simple economy, loans were evidently of an amount which would usually be adequately secured by giving to the creditor some property to hold until the loan was repaid. In case of default, the debtor's property simply reverted to the creditor. No other form of security is presupposed in the Covenant Code, and it is specifically forbidden that an Israelite be a "creditor" to one of his fellows. Already in the reign of Saul the situation had changed, Those who gathered about David as outlaws included those who had "creditors" (I Sam. 22:2), and who therefore had to flee. Under the old pledge system of security there would be no possible occasion for flight from the community in case of default. A totally different legal doctrine had come into practice whereby the person of the debtor was security for a loan. Upon default the creditor could seize him (or his family) as a slave, possibly without any legal action at all. The only alternative to slavery would have been flight. This doctrine is identical to that of Babylonian law, and no doubt of the Canaanites as well. It is in the law of the monarchy that Canaanite influence is doubtless to be posited, but it is a legal tradition in total contradiction to the customs and morality of early Israel. Amos protested violently against the way the legal doctrine was practiced, as did most of the prophets (Am. 2:6; Hos. 12:8-9; Mic. 2:1-2). The later lawcodes illustrate beautifully the way in which the early traditions, and the needs of business were brought into harmony. The older pledge system was simply inadequate for a commercial economy; and if the person of the debtor was to be protected, so also must the rights of the creditor to some security for his loan to be guaranteed. Therefore, Deuteronomy and the Holiness Code (Lv. 17-26) accept the doctrine of bodily liability, but place restrictions upon the powers of the creditor over the defaulting debtor. In the Holiness Code he is not to be treated as a slave, nor given the legal status of a slave, but rather to be as a hired laborer.”

George E. Mendenhall (1916–2016) American academic

Law and Convenant in Israel and the Ancient Near East (1954)

Family, Law, Way, Communication

“The infidels have been the brave and thoughtful men; the flower of all the world; the pioneers and heralds of the blessed day of liberty and love; the generous spirits of the unworthy past; the seers and prophets of our race; the great chivalric souls, proud victors on the battlefields of thought, the creditors of all the years to be.”

Robert G. Ingersoll (1833–1899) Union United States Army officer

The Great Infidels (1881)

Love, Men, World, Soul

“.. personal credit was guaranteed in the most summary and extravagant fashion; for the law entitled the creditor to treat his insolvent debtor like a thief, and granted to him in sober earnest by legislative enactment what Shylock, half in jest, stipulated for from his mortal enemy, guarding indeed by special clauses the point as to cutting off too much more carefully than did the Jew.”

Theodor Mommsen (1817–1903) German classical scholar, historian, jurist, journalist, politician, archaeologist and writer

Vol. 1, Pt. 1, Translated by W.P.Dickson
Character of Roman law in relation to Debt in the Roman Kingdom.
The History of Rome - Volume 1

Law, Fashion, Personality

“Macro-economic reform undermined the legal economy, reinforced illicit trade and contributed to the recycling of "dirty money" towards Peru's official and commercial creditors.”

Michel Chossudovsky (1946) Canadian economist

Source: The Globalization of Poverty and the New World Order - Second Edition - (2003), Chapter 14, IMF Shock Treatment in Peru, p. 225

Money

“Keynes’s design was in favour of the liberalization of the economy and the capital’s transfers, for the main purpose of monetary stability. To avoid devaluation of currencies - a practice followed by governments in order to sustain their export - Lord Keynes planned to introduce “Bancor”, a money of account to be accepted by all countries in international exchanges. The international body to be organized would get interests both from debtor and creditor countries, in order to finance the balance of payments system”

Nico Perrone (1935) Italian historian and writer

Source: The international economy from a political to an authoritative drive, p. 130

Money, Country

“… confess now- could you lie with the wife of your friend? could you debauch his sister? could you defraud a poor creditor? could you by gambling rejoice in the outwitting a novice of all his possessions?- No! why then thou art a silly fellow, incumbered with three abominable inmates; to wit- Conscience, Honesty, and Good-nature”

Ignatius Sancho (1729–1780) British composer, writer and grocer

(from vol 2, letter 43: 17 Oct 1779, to Mr M___ ).

Lie, Art, Nature, Sister

“Caesar did not confine himself to helping the debtor for the moment; he did what as legislator he could, permanently to keep down the fearful omnipotence of capital. First of all the great legal maxim was proclaimed, that freedom is not a possession commensurable with property, but an eternal right of man, of which the state is entitled judicially to deprive the criminal alone, not the debtor. It was Caesar, who, perhaps stimulated in this case also by the more humane Egyptian and Greek legislation, especially that of Solon,(68) introduced this principle--diametrically opposed to the maxims of the earlier ordinances as to bankruptcy-- into the common law, where it has since retained its place undisputed. According to Roman law the debtor unable to pay became the serf of his creditor.(69) The Poetelian law no doubt had allowed a debtor, who had become unable to pay only through temporary embarrassments, not through genuine insolvency, to save his personal freedom by the cession of his property;(70) nevertheless for the really insolvent that principle of law, though doubtless modified in secondary points, had been in substance retained unaltered for five hundred years; a direct recourse to the debtor's estate only occurred exceptionally, when the debtor had died or had forfeited his burgess-rights or could not be found. It was Caesar who first gave an insolvent the right--on which our modern bankruptcy regulations are based-- of formally ceding his estate to his creditors, whether it might suffice to satisfy them or not, so as to save at all events his personal freedom although with diminished honorary and political rights, and to begin a new financial existence, in which he could only be sued on account of claims proceeding from the earlier period and not protected in the liquidation, if he could pay them without renewed financial ruin.”

Theodor Mommsen (1817–1903) German classical scholar, historian, jurist, journalist, politician, archaeologist and writer

Restriction on 'usury' or restrictions on the laws in relation to the collection of interest
Vol. 4, pt. 2, translated by W.P. Dickson.
The History of Rome - Volume 4: Part 2

Fear, Law, Freedom, Help