What Is A Creditor Definition Of Creditor Creditors and bankruptcy. bankruptcy is a legal process through which individuals who cannot repay debts to creditors may seek relief from some or all of their debts. bankruptcy is initiated by. The 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 Definition And Meaning Market Business News Creditor definition: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. learn more. Creditor. 1 the person to whom a debt is owed by a debtor. 2 in relation to a bankrupt, a person to whom any of the bankruptcy debts are owed (as specified in the bankruptcy order). 3 an individual who would be a creditor in the bankruptcy if a bankruptcy order were made on that petition. creditor, persons, contracts. Creditor. a creditor is someone (or an entity) to whom an obligation is owed. most commonly, the obligation owed is an obligation to pay money for some prior services or to pay off a loan. the person who owes a creditor an obligation is known as a debtor. the area of debtor creditor law governs the obligations between creditors and debtors as. Creditor definition: a person or firm to whom money is due (opposed to debtor) see examples of creditor used in a sentence.
Creditor Meaning Types Examples How It Works Creditor. a creditor is someone (or an entity) to whom an obligation is owed. most commonly, the obligation owed is an obligation to pay money for some prior services or to pay off a loan. the person who owes a creditor an obligation is known as a debtor. the area of debtor creditor law governs the obligations between creditors and debtors as. Creditor definition: a person or firm to whom money is due (opposed to debtor) see examples of creditor used in a sentence. Creditor meaning: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. learn more. 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. in other words, the company owes money to its creditors and the amounts should be reported on the company’s balance sheet as either a current liability or a non current (or.
Creditor Definition And Meaning Market Business News Creditor meaning: 1. someone who money is owed to: 2. someone who money is owed to: 3. a country, organization, or…. learn more. 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. in other words, the company owes money to its creditors and the amounts should be reported on the company’s balance sheet as either a current liability or a non current (or.
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