WebCreditors are individuals/businesses that have lent funds to another company and are therefore owed money. By contrast, debtors are individuals/companies that have … Webdebtor. a person or business that owes money to individuals or firms for goods, services or raw materials that they have bought but for which they have not yet paid (trade debtors) …
What Does a Charge-Off Mean? - Investopedia
WebCreditor Meaning A creditor refers to a party involving an individual, institution, or the government that extends credit or lends goods, property, services, or money to another party known as a debtor. The credit made through a legal contract guarantees repayment within a specified period as mutually agreed upon by both parties. WebCreditors typically have underwriting processes that determine which debtors are eligible for a loan, credit card or line of credit. They also determine the terms of the credit … bringing in a new cat
Creditor - Definition, Meaning & Synonyms Vocabulary.com
WebDefinitions of creditor noun a person to whom money is owed by a debtor; someone to whom an obligation exists see more Think you’ve got a good vocabulary? Take our quiz. ASSESSMENT: 100 POINTS abash means to: embarrass affront redress oust Examples from Books and Articles All sources < prev next > loading examples... WebMay 27, 2024 · The term creditor can mean different things depending on the situation, but it typically means a financial institution or person who is owed money. If you’re the person who owes the money to a creditor, … WebA claim that may be owed by the debtor under certain circumstances, e.g., where the debtor is a cosigner on another person's loan and that person fails to pay. creditor One to whom the debtor owes money or who claims to be … bringing income distribution in from the cold