A debtor is a person or organization that owes money to another person or organization. Debtor is a person or any other form of party in a transaction which owes money to the other party. A debtor is an individual, business or any other entity that owes money to another entity because they have been provided with a service or good, or borrowed money from an institution.

Definition of Debtor A debtor is a person, company, or other entity that owes money. In other words, the debtor has a debt or legal obligation to pay the amount owed. The party to whom the money is owed might be a supplier, bank, or other lender who is referred to as the creditor . The receiver is called as creditor while the giver is known as the debtor and the payment terms vary for each transaction based on the terms and conditions discussed between the parties.

The concept can apply to individual transactions , so that someone could be a debtor in regard to a specific supplier invoice , while being a creditor in relation to its own billings to customers . There are two types of debtors to be aware of as a business owners - (i) staff loans and (ii) trade debtors. When a business allows a customer credit terms and invoices them for a product or service and receives payment at a later date 30 days 60 days etc, then while the customer owes the business the amount outstanding they are …

Debtor Meaning.

Example of Debtor If a company borrows $10,000 from a bank, the company is the debtor and the bank is the creditor. A debtor is a term used in accounting to describe the opposite of a creditor — an individual that owes money, or who is in debt to an organisation or person. For example, a debtor is somebody who has taken out a loan at a bank for a new car. A debtor is an individual or entity that owes money to a creditor. debtor a person or business that owes money to individuals or firms for goods, services or raw materials that they have bought but for which they have not yet paid (trade debtors) or because they have borrowed money Debtors are also termed ‘accounts receivable’.
Introduction to Debtors. This definition and more in the our accounting dictionary.

Debtors in accounting are amounts which are owed to a business by customers, they are sometimes referred to as accounts receivable..
Definition of Debtor A debtor is a person or enterprise that owes money to another party.


Kska Radio Schedule, How To Pronounce Circumcision, Chief Joseph Surrender Speech, Just Sing Piano Tutorial, Kerguelen Islands Map, Halo 3 Unsc Logo, Ncr Paper Company, Run The Gamut In A Sentence, It Takes A Village To Raise A Child Quote Author, Peter Andre Height Feet, Legible In A Sentence, Todd Carney News, Robert Quinn The Fosters, Shapeshifters Second Chance Lyrics, Linguine Vs Tagliatelle, Merchandise Inventory Example, Solar Pump Tender In Uttar Pradesh, Reap Grant Colorado, Meralco Competitors In The Philippines, Plural Form Of Furniture, Procedure For Public Issue Of Shares, Martillo Island Penguin Tour, Complex Tragedy, Green Screen Wallpaper Android, Scottish Widows Models, Ps4 Mixamp Alternative, Puma Safety Trainers, Hard Rock Hotel Punta Cana, Juice Wrld Being In Love, Steelseries Arctis 1 Cyberpunk, Conception Process, Nsai Registration Number, Climax Letterboxd, 100 Mbps Internet Mumbai, Marquee Matchups Predictions Fifa 20, Former Giant Mel Crossword Clue, Matthew Name, Inner Sanctuary Meditation, Fidelity Investment Finder, Undue Burden Scrutiny, Adam Laroche Stats, 12 Foot Sliding Glass Door Cost, Sennheiser Pc 8 Driver, Power Etrade Vs Etrade Pro, Astros Spring Training Tickets, Grants For Non-profits Ontario, Micronesia Attorney Jobs, Lepin Tower Of Orthanc, Songs About Emotions And Feelings, Sennheiser Momentum True Wireless Review, Bronx Wentz, Types Of Shares, Pixel 2 Xl Vs Pixel 5, Bugsy Guinea Pig Movie, 2021 Public Holidays, North Of West Warehouse Sale, Nuance Meaning In Telugu, Being Offered Equity In A Company, Estancia Harberton Ushuaia, Vala Array, Straight Nose, Supreme Court Judgements On Child Custody, Lovesong Covers, Bellotti V Baird Background, Tsb Mortgage Information, Anti Poaching Volunteer, Data On Alternative Fuel, Cosmetic Surgery Before And After, Terrible Twos Threes, Vision Plus Ferndale, Suspiria 1977 Vs 2018 Reddit, Starhawk Ps3 Review, Ffxiv Nuts, All Things Considering Meaning, Examples Of Office Equipment, Pressure Cooker Recipes Chicken Breast, Mitosis Definition, Questions About Kinship Anthropology, Mount Carmel College Timings, A Walk To Remember Summary Chapter 1, P40 Pro Review, Dell Professional Monitor, What Channel Is Mlb On Comcast, Pup Morbid Stuff Puzzle,