2006-09-01 03:30:53 · 9 answers · asked by dying2cu 1 in Education & Reference ➔ Primary & Secondary Education
The debtor is the person who owes the debt (i.e. the person who borrowed the money) and the creditor is the person that the debt is owed to (i.e. the person who loaned the money).
2006-09-01 03:32:40 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The creditor extends credit to others. Therefore those others become debtors, owing money to the creditor. The word debtor has a negative connotation, and is usually applied when the debtor fails to remember his or her obligation to pay the debt in a timely manner.
Asian Man, shame on you for showing lack of patience and losing your bearing? Have you no dignity? have you no respect? You need to take some time to read the writings of the ancients. I suggest Kung Fu Tze, or The Tao, or a good Buddhist primer. Go back to basics, young man.
2006-09-01 10:37:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Creditors are those Debtors OWE
Rev. Steven
2006-09-01 10:36:39 · answer #3 · answered by DIY Doc 7 · 0⤊ 0⤋
A creditor is a person who can lend some money to u and debtor means the person who has to give some money to the the person whom it have taken the money...alright
2006-09-01 10:36:20 · answer #4 · answered by taral 2 · 0⤊ 0⤋
A creditor is a party (e.g. person, organization, company, or government) that claims that a second party owes the first party some properties or services. 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 first party is frequently called a lender, and the second party is frequently called a debtor or borrower.
2006-09-01 10:33:53 · answer #5 · answered by harpingconnie 3 · 0⤊ 0⤋
A debtor is the person who owes someone else money.
A creditor is the person who is owed money by someone else.
2006-09-01 10:35:45 · answer #6 · answered by xLostLoLx 2 · 0⤊ 0⤋
De bank be de creditor and you be de debtor!
2006-09-01 10:34:27 · answer #7 · answered by Anonymous · 0⤊ 0⤋
creditor is who gives you a credit
debtor is who owes the creditor money
2006-09-01 10:33:13 · answer #8 · answered by Nico 2 · 0⤊ 0⤋
Idiot!!! A creditor is the one whom you owe money, and debtors are those who owe you money.. get that???
2006-09-01 10:32:57 · answer #9 · answered by asian_guy 2 · 0⤊ 1⤋