Grant Pierce
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Creditors – In day-to-day business, a person or a legal body to whom money is owed is known as a creditor. For a business, the amount to be paid may arise due to repayment of a loan, goods purchased on credit, etc.
Feb 20, 2023 · Creditors are individuals or entities that have lent money to another individual or entity. They typically charge interest and the money is owed back to them. For example, a bank lending money to...
Dec 2, 2015 · A creditor is a term used in accounting to describe an entity (can either be a person, organisation or a government body) that is owed money, as they have provided goods or services to another entity. Sometimes, this entity will charge interest on money borrowed as a way to make money.
Definition of Creditor. A creditor could be a bank, supplier or person that has provided money, goods, or services to a company and expects to be paid at a later date.
CREDITOR definition: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. Learn more.
A creditor or lender is a party (e.g., person, organization, company, or government) that has a claim on the services of a second party. It is a person or institution to whom money is owed. [1]
Jun 4, 2024 · In accounting, creditors are people or organizations like banks and credit unions that offer products and services to the other party without asking them to pay back for it instantly. The term is also found synonymous with the word “supplier” or “vendor”.
Recent Examples on the Web The company owners are now banks and private equity groups who were creditors. David Lyons, Sun Sentinel, 3 July 2024 Its list of unsecured creditors runs the gamut of major studios, including Universal Pictures, Sony Pictures, BBC Studios Americas, Paramount Pictures, Warner Bros. and MGM.
Would those public creditors be able to outweigh the interests of taxpayers who didn't like having to contribute to pay the interest on the debt? From Heritage.org It should include, at the very least, the original creditor and account number and the debt amount.
Definition of creditor noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
