Question

give a simple defination of creditor for class 11
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Answer 1

Explanation:

hi

A creditor is an entity that extends credit, giving another entity permission to borrow money to be repaid in the future. A business that provides supplies or services and does not demand immediate payment is also a creditor, as the client owes the business money for services already rendered.

M#

Answer 2

Explanation:

I hope this answer helps you