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Bookmark or Share- The difference between a debtor and a creditor - AccountingToolsWhat is a Debtor? A debtor is an individual or entity that owes money to a creditor. The concept can apply to individual transactions, so that someone could be a debtor in regard to a specific supplier invoice, while being a creditor in relation to its own billings to customers.
- What’s the Difference Between a Debtor and a Creditor?The difference between a debtor and a creditor is that the creditor is the one who lends money in a credit relationship, and the debtor is the one who borrows it.
- What Is a Debtor and How Is It Different From a Creditor? - InvestopediaA debtor is a company or individual who owes money to a lender. Debtors are also often referred to as borrowers. Read about the laws that protect them.
- Difference Between Debtors and Creditors (with examples)Debtors – A person or a legal body that owes money to a business is generally referred to as a debtor in the eyes of that business, as he or she owes the money. For a business, the amount to be received is usually a result of a loan provided, goods sold on credit, etc.
- DEBTOR definition and meaning | Collins English DictionaryA debtor is an organization or person that owes money. Any concession that creditors grant to one debtor would set a precedent for all the others. When a business offers a customer credit for the purchase of a good or service, then that customer becomes a debtor of that business.
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