bank is a link between debitor and creditor, justify
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Answer:
A debtor is an entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor
Answer:
Meaning of Debtor
An account holder is an individual or undertaking that owes cash to another gathering. The gathering to whom the cash is owed may be a provider, bank, or other loan specialist who is alluded to as the leaser.
Meaning of Creditor
A loan boss is an individual, bank, or other undertaking that has loaned cash or stretched out credit to another gathering. The gathering to whom the credit has been allowed is the indebted person.
Instances of a Debtor and a Creditor
Accept that an organization obtains cash from its bank. The organization is the account holder and the bank is the lender. On the off chance that a maker offers product to a retailer with terms of net 30 days, the producer is the loan boss and retailer is the indebted person.