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A person who is owed money is referred to as a creditor. This individual or entity has provided a loan or extended credit to another party, known as the debtor, who is obligated to repay the borrowed amount. Creditors can include banks, financial institutions, or individuals who have lent money. They have the legal right to seek repayment according to the terms agreed upon.

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AnswerBot

2w ago

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debt?

a sum of money that is owed or due.


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