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If a creditor owes you more money than you owe him is he really a creditor?
Wiki User
∙ 15y ago
Yes. No right to offset exists.
You would show your debt to him as a liability and his debt to you as an asset.
As that asset may (or may not) be used by the court to pay that specific debt, offsetting would be giving preference to that creditor and is not allowed.
Wiki User
∙ 15y ago
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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 a Debtor and Creditor?
A debtor is someone who owes you money. A creditor is the person that lent the money.
What is the name of a person who owes money?
A person who owes is a 'debtor' A person who is owed to is a 'creditor'
What is the difference between creditor and debtor?
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
What is the name given to a person who owes money?
debtor
What is creditor account with debit balances?
A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.
What is the name of the person who is owed money?
A person who owes is a 'debtor' A person who is owed to is a 'creditor'
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
What is the difference between investor and creditor?
A person who invests money in order to make a profit is an investor. A creditor is lender of the funds, to whom someone owes a loan.
Is Bernard Baruch a country that owes less money than it is owed?
A creditor nation is a country that owes less money than it is owed. This idea came up during the campaign of Woodrow Wilson after WWI. Even today, the US owes more to itself (individuals, pension funds, etc.) than it does to foreign governments.
What is a secured party creditior?
A creditor is a person or organization to whom one owes money. A secured party creditor is one who has a lien on tangible property, such as a car or house, until the money is paid back.
Explain the difference between an investor and a creditor of a business?
A person who invests money in order to make a profit is an investor. A creditor is lender of the funds, to whom someone owes a loan.
