Crossword Genius

The new director has yet to be paid (8)

Ross

I believe the answer is:

creditor

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'yet to be paid' is the definition.
I can't judge whether this defines the answer.

'the new director' is the wordplay.
'the new' is an anagram indicator.
'director' is an anagram of 'CREDITOR'.

'has' is the link.

Can you help me to learn more?

(Other definitions for creditor that I've seen before include "Lender" , "He should be paid" , "one to whom money is due" , "Cried rot (anag.)" , "He's the one owed the money" .)

I've seen this clue in The Globe and Mail.
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