They are spelled differently.
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.
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
A bondholder is a creditor to a company whereas a shareholder is a owner of a company.
The shareholder has an ownership interest and the bondholder is a lender.
Credit refers to money that is borrowed with the expectation of repayment, often with interest. Debt, on the other hand, is the amount of money that is owed to a lender or creditor. In simple terms, credit is the ability to borrow money, while debt is the amount that has been borrowed and needs to be repaid.
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.
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.
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The creditor is the lender. The bankrupt is the debtor. The lender never has to re-affirm he wants to get paid back.
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
Yes, if he or she is acting on the behalf of the creditor/lender.
A bondholder is a creditor to a company whereas a shareholder is a owner of a company.
The shareholder has an ownership interest and the bondholder is a lender.
Yes, the lender/creditor can sue the debtor in the state court in the county where the debtor resides for the debt owed regardless of where that debt was incurred. In some cases, the lender/creditor can send the defaulted account to the National Board of Arbitration bypassing the usual court procedure of a lawsuit. The debtor will be notified in advance of any litigation the lender/creditor chooses to take.
The difference between vacate and satisfaction of a lien is the way in which it was surrendered. During a vacate of a lien, the creditor is releasing the lien on a loan, usually because of a full repayment. The satisfaction of a lien would be like a repossession for non payment to a creditor.
Mortgage is a contract between the lender and the borrower that allows an individual to borrow money from a lender for the purchase of housing. Hypothecation is a charge that is created for assets that are moveable such as vehicles, stocks, debtors.
There are many differences between a wholesale mortgage lender and a mortgage banker. Lenders lend the money to fund loans and the bankers may be secondary lenders.