0
A creditor is someone YOU OWE money to.
A debtor is someone who OWES YOU money.
Wiki User
∙ 9y ago
Wiki User
∙ 12y agodebtor is you lent money to and creditor is someone own you money
Add your answer:
Earn +20 pts
Distinguish between a debtor and a creditor?
a debtor is someone who owes you money and a creditor is someone who gives you credit for a service or supply of items
Which of these describes the contract between the debtor and the creditor when a bond is sold?
the debtor promises to pay the creditor the borrowed money with interest at fixed intervals over a specific period of time
What is debter and crediter?
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
what's the opposite of a debtor?
Creditor is the opposite of a debtor
What is the opposite of word debtor?
creditor
What is the difference between a sundry debtor and a sundry creditor account?
sundry debtor is whom they baught goods on credit basis
What is a stipulation in bankruptcy?
It's basically an agreement between the debtor and creditor on how the debtor is to pay the creditor that arises when debtor has filed bankruptcy.
Distinguish between a debtor and a creditor?
a debtor is someone who owes you money and a creditor is someone who gives you credit for a service or supply of items
How do you double entry when your debtor has paid your creditor for you?
credit the debtor and debit the creditor
What is a Debtor and Creditor?
A debtor is someone who owes you money. A creditor is the person that lent the money.
Is a lien by a creditor placed on the debtor or the debtor's attorney?
The creditor will execute the judgment against the debtor's non exempt assets or property not the debtor's legal counsel. On the debtor.
When judgment entered against debtor is creditor held to any oral settlement agreement to pay off debt made between debtor and creditor?
Not unless it is in writing unfortunatly.
Which of these describes the contract between the debtor and the creditor when a bond is sold?
the debtor promises to pay the creditor the borrowed money with interest at fixed intervals over a specific period of time
What is debter and crediter?
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
What is the difference between surety and guaranty?
With regard to surety, the creditor can look to the surety for immediate payment upon the occurrence of a default by the principal obligor or debtor. However, where an individual is a guarantor, the creditor must first attempt to collect the debt from the principal debtor/obligor before demanding performance from the guarantor.
what's the opposite of a debtor?
Creditor is the opposite of a debtor
What is the opposite of debtor?
creditor
