Asked By: Cole Hayes Date: created: May 28 2023
What is creditor and example
Answered By: Douglas Perez Date: created: May 28 2023
Though its precise definition can vary depending on the circumstance, the term “creditor” generally refers to a financial institution or person who is owed money, for example, if you have an unpaid balance on a loan.
Asked By: Carlos Henderson Date: created: Apr 15 2023
Who is creditor and debtor
Answered By: Donald Stewart Date: created: Apr 18 2023
A debtor is someone who borrows money from a creditor, whereas a creditor is the one who lends money in a credit relationship.
Asked By: Richard Garcia Date: created: Oct 20 2023
What is another word for creditor
Answered By: Ashton Jenkins Date: created: Oct 22 2023
What is another word for creditor?
| lender | bank |
|---|---|
| backer | granter |
| moneylender | pawnbroker |
| pawnshop | Shylock |
| usurer | loan company |
Asked By: Joseph Turner Date: created: Mar 26 2023
Who are the creditors of the company
Answered By: Oswald Lee Date: created: Mar 29 2023
A debtor is a person or company that has borrowed money from a business and owes it money. Borrowing money has a cost. A creditor is a person or company that has lent money to a business and is owed money.
Asked By: Simon Simmons Date: created: Jan 01 2024
Is a creditor an asset
Answered By: Blake Hall Date: created: Jan 01 2024
Debtors are listed as assets in the current assets section of the balance sheet, whereas creditors are listed as liabilities in the current liabilities section.
Asked By: Aidan Hughes Date: created: Dec 26 2023
What are some examples of creditors
Answered By: Andrew Cox Date: created: Dec 28 2023
What is an example of a creditor?
- a close friend or relative who you owe money to.
- Financial institution that offers you a personal loan, installment loan, or student loan, such as a bank or credit union.
- Issuer of credit cards.
- Lender of mortgages.
- a car dealer who gives you a loan for a vehicle.
Asked By: Alexander Simmons Date: created: Dec 14 2023
Who is debtor and creditor with example
Answered By: Jesus James Date: created: Dec 17 2023
During the application process, the creditor will review your credit history, financial situation, and the home you want to buy to determine whether you qualify for the loan. For instance, if you take out a mortgage to buy a home, you are the debtor and the mortgage company is the creditor.
Asked By: Harry Williams Date: created: Dec 16 2022
What is creditors in simple words
Answered By: Alexander Young Date: created: Dec 19 2022
Key Takeaways: A business that provides supplies or services and does not demand immediate payment is also a creditor because the client owes the business money for services already provided. A creditor is an entity that extends credit, allowing another entity permission to borrow money to be repaid in the future.
Asked By: Jacob Perez Date: created: Sep 21 2023
What is a creditor simple definition
Answered By: Neil Robinson Date: created: Sep 22 2023
A creditor is a legal person, business, or entity that has given a debtor goods, services, or a loan of money, with the expectation that the debt will be repaid at a later, usually predetermined, date.
Asked By: Henry Washington Date: created: Jul 20 2023
Who is called debtor
Answered By: Ashton Stewart Date: created: Jul 21 2023
A company or person that owes money is known as a debtor. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower, and if the debt is in the form of securities, such as bonds, the debtor is known as an issuer.
Asked By: Carlos Smith Date: created: May 30 2023
Who is the creditor of the company
Answered By: Luke Rogers Date: created: Jun 01 2023
A debtor is a person or organization that has borrowed money from a business and owes it money. A creditor is a person or organization that has lent money to a business and is owed money.
Asked By: Christopher Campbell Date: created: Nov 03 2023
Who is creditor in accounting
Answered By: Samuel Williams Date: created: Nov 04 2023
A debtor is the opposite of a creditor; it refers to the person or entity who owes money. The term “creditor” is used in accounting to refer to the party that has delivered a good, service, or loan and is owed money by one or more debtors.
Asked By: Lucas Price Date: created: Jul 05 2023
Who is a debtor
Answered By: Walter Carter Date: created: Jul 07 2023
A company or individual that owes money is referred to as a debtor. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower. If the debt is in the form of securities, such as bonds, the debtor is referred to as an issuer.
Asked By: Gavin Gonzalez Date: created: Mar 12 2023
Who are called creditors
Answered By: Jose Kelly Date: created: Mar 12 2023
A creditor is an organization that extends credit by allowing another organization to borrow money with the intention of repaying it later.
Asked By: Hayden Miller Date: created: Aug 16 2023
Is the debtor the borrower
Answered By: Douglas Martinez Date: created: Aug 16 2023
A borrower is in debt to a lender or financial institution when they take out a loan; if you are a debtor, you owe that person money. Sometimes, the terms “debtor” and “bankruptcy filer” are used interchangeably.
Asked By: Sebastian Kelly Date: created: Aug 19 2023
What is another name for debtors
Answered By: Malcolm Brown Date: created: Aug 19 2023
What is another word for debtors?
| borrowers | mortgagors |
|---|---|
| bankrupts | defaulters |
| insolvents | accounts |
| deadbeats | drawees |
| loanees | nonpayers |
Asked By: Christian Harris Date: created: Mar 13 2023
Is creditors a debit or credit
Answered By: Sebastian Murphy Date: created: Mar 16 2023
In general, the creditor accounts have a credit balance.
Asked By: Jaden Walker Date: created: Jan 22 2024
Is creditor an asset
Answered By: Sebastian Russell Date: created: Jan 25 2024
Being a creditor to another company can be viewed as an asset, demonstrating your companys financial strength, whereas having a lot of debt is a liability.
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