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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...
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.
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.
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.
She owes thousands of dollars to creditors. Recent Examples on the Web Lopez said his sole focus in determining whether to dismiss Free Speech Systems’ case or order a liquidation was what would be best for the company and its creditors, including the Sandy Hook families.
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]
