Ask Question
BusinessBusiness
23 March, 03:32

A person or business that owes money, goods or services to another

+3
Answers (1)
  1. 23 March, 05:09
    0
    The person is called Debtor.

    On the other hand, the person or business that loan money, goods or services is called crediter. The relationship between the two usually designed to be mutually beneficial for each other. While the debtor get the injecton that they need, the creditors will obtain profit in the form of interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A person or business that owes money, goods or services to another ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In the market clearing price, A) the demand by buyers is rapidly growing. B) the supply by sellers meets the demand from buyers. C) sellers have provided more goods than the demand from buyers.
Answers (1)
Suppose changes in autonomous consumption affect investment while changes in autonomous government spending do not. in this case, identical changes in autonomous consumption and autonomous government spending
Answers (1)
Bravo Company purchased goods on account for $4,500, paid $2,300 of Accounts Payable, and had an ending Accounts Payable balance of $16,890. How much was beginning Accounts Payable?
Answers (1)
Buying stocks or starting your own company are examples of what type of investment? A. Income investments B. Bond investments C. Debt investments D. Equity investments
Answers (1)
What requirements must exit routes meet? Select all that apply. Exit to an outside area All emergency signs should be red Be sufficient for the number of people needing to exit during an emergency Be unlocked Adequately signposted Be sufficiently
Answers (1)
New Questions in Business
Which type of unemployment is caused by a lack of demand for workers as a result of a shrinking economy?
Answers (1)
Actionable performance measures should be meaningful to a company's management and should provide the basis for decisions at the strategic level in an organization. A. True B. False
Answers (1)
In what countries is it important to keep a certain distance from the person you are greeting?
Answers (1)
If a company is using the accrual basis accounting method, when should it record its earned revenue? a. when cash is received, even though services may be rendered at a later date b.
Answers (1)
The primary difference between a podcast and a webinar is : Group of answer choices podcasts require more preparation. a webinar is akin to an online radio show. webinars are easier to optimize for search engines.
Answers (1)
Home » Business » A person or business that owes money, goods or services to another
Sign Up Forgot Password?