Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / hema
A creditor is a party (e.g. person, organization, company,
or government) that has a claim to the services of a second
party. It is a person or institution to whom money is owed.
The first party, in general, has provided some property or
service to the second party under the assumption (usually
enforced by contract) that the second party will return an
equivalent property or service. The second party is
frequently called a debtor or borrower. The first party is
the creditor, which is the lender of property, service or
money.
The term creditor is frequently used in the financial
world, especially in reference to short term loans, long
term bonds, and mortgage loans. In law, a person who has a
money judgment entered in their favor by a court is called
a judgement creditor.
The term creditor derives from the notion of credit. In
modern America, credit refers to a rating which indicates
the likelihood a borrower will pay back his or her loan. In
earlier times, credit also referred to reputation or
trustworthiness.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
Expand--------CMTS
Mostly what type of manufactures are coming under TDS and basic rate for each category
Expand-------ANC
pl send me SBI previous question papers for clerical post to my email id :jahnavi_devi@yahoo.com
How do you manage the sales account in tally
Give me total Details of payroll calculation, payslip with examples.
What is 100% EOu? what is the benifit and what is difficulty of it?
what is budgetory control and what are the types
what is sales life cycle???
WHAT IS B.E.P. CHART
why do u want to join bpo sector
Sensitive field have been defined and customized for vendor master data. For which of the following sensitive fields will an update trigger dual control?(any 1 answer) Currency Account group IBAN VENDOR ACCOUNT NUMBER
What is the meaning of Debt reconciliation and how to do debt reconciliation?
business sepsarate entity concepts
What is the Purpose of Preparing Bank Reconciliation Statement?
