Difference Between Debtors and Creditors (with examples) Debtors: Creditors: 1 Debtors avail credit facilities as they borrow 1 Creditors extend credit as they act as lenders 2 It is a current asset for the business : 2 It is a current liability for the business
DEBITOR Definition Meaning - Merriam-Webster The meaning of DEBITOR is debtor debtor… See the full definition Games; Word of the Day; Grammar; Wordplay; Slang; Rhymes; Word Finder; Thesaurus; Join MWU
Debitor - Definition, Meaning Synonyms | Vocabulary. com DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘debitor' Views expressed in the examples do not represent the opinion of Vocabulary com or its editors
Debtor - Wikipedia A debtor or debitor is a legal entity (legal person) that owes a debt to another entity The entity may be an individual, a firm, a government, a company or other legal person The counterparty is called a creditor When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower
What does debitor mean? - Definitions. net A debitor is an individual, company, or entity that owes money to another individual, company, or entity, usually referred to as the creditor The debt may be in the form of loans, services, goods purchased, or any other financial obligation