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- What Is a Debtor and How Is It Different From a Creditor?
A debtor is a company or individual who owes money to a lender Debtors are also often referred to as borrowers Read about the laws that protect them
- 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 If X borrowed money from their bank, X is the debtor and the bank is
- DEBTOR Definition Meaning - Merriam-Webster
The meaning of DEBTOR is one guilty of neglect or violation of duty How to use debtor in a sentence
- Difference Between Debtors and Creditors (with examples)
Going by this definition, a debtor is an asset to the business Since a debtor represents a financial obligation for the entity to repay in the future, putting the business on the receiving end Debtors owe cash benefits to the business and hence are classified as current assets in the balance sheet
- Debtor and creditor | Definition, Relationship, Examples, Facts . . .
debtor and creditor, relationship existing between two persons in which one, the debtor, can be compelled to furnish services, money, or goods to the other, the creditor This relationship may be created by the failure of the debtor to pay damages to the injured party or to pay a fine to the community; however, the relationship usually implies that the debtor has received something from the
- debtor | Wex | US Law | LII Legal Information Institute
debtor A debtor is someone who owes a debt or obligation to someone else Most commonly, this is the obligation to pay money A classic example is within the situation where a bank extends a loan to an individual or business entity, creating the obligation for the individual or business entity, as the debtor, to pay back the loan plus interest
- Debtor vs. Creditor | Difference + Examples - Wall Street Prep
What is a Debtor? In practically all monetary transactions, there are two sides – debtor vs creditor We’ll start with the debtor’s side, which is defined as the entities that owe money to another entity – i e there is an unsettled obligation Debtors: The entity that owes money to the creditors Debtors on the receiving end of the benefit can include the following types Individual
- DEBTOR | definition in the Cambridge English Dictionary
DEBTOR meaning: 1 someone who owes money 2 someone who owes money 3 a country, organization, or person who owes… Learn more
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