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Bookmark or Share- Difference Between Debtors and Creditors (with examples)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. Example – Unreal corp. purchased 1000 kg of cotton for 100/kg from vendor X.
- CREDITOR | English meaning - Cambridge DictionaryCREDITOR definition: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. Learn more.
- CREDITOR Definition & Meaning | Dictionary.comCreditor definition: a person or firm to whom money is due (opposed to debtor).. See examples of CREDITOR used in a sentence.
- Creditor Definition & Meaning - Merriam-WebsterThe meaning of CREDITOR is one to whom a debt is owed; especially : a person to whom money or goods are due. How to use creditor in a sentence.
- What Is a Creditor, and What Happens If Creditors Aren't Repaid?A creditor is an individual or institution that extends credit to another party to borrow money usually by a loan agreement or contract. Creditors are commonly classified as personal or real.
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