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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 terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
Is a creditor an asset or liability?
creditor is a liabiliity
Who is a creditor?
The creditor is the person who provided services, goods, or credit.
Is it illegal for a creditor to sell your debt?
No, it is not illegal for a creditor to sell your debt.
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 definition describes a debtor?
A creditor is the person or business that has lent someone money.Examples of adjectives that describe a creditor are:professionalfriendlycarefulconsistentsystematicmethodical
What terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
What term describes any kind of money a creditor must accept by law for payment of a monetary debt?
A judgment is a court order issued by the court stating that the creditor has won the lawsuit and is entitled to a certain amount of money.
Which terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
The term that describes any kind of money a creditor must accept by law in payment of a monetary debt is "legal tender." Legal tender refers to currency that is recognized by law as a valid form of payment for debts and obligations. In most countries, this includes banknotes and coins issued by the government's central bank.
Is a creditor an asset or liability?
creditor is a liabiliity
What describes any kind of money a creditor must accept by law in payment of a monetary debt?
Legal Tender
What is the advantage of note receivable to creditor?
Notes receivable offer several advantages to the creditor. It gives the creditor more time to pay as well as including a guarantee to the owner of the creditor.
Can a creditor seize your tax refund?
If the creditor is a government agency, then yes. If the creditor has not won a court settlement to garnish your wages, then no.
How does a creditor know where your bank is?
can you keep a creditor from finding your account
Who is a creditor?
The creditor is the person who provided services, goods, or credit.
You have 50000 can you become a creditor?
Yes! Loan me the 50000 and you will be a creditor.
