English, asked by mondalnabanita996, 2 months ago

illustration of creditor

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Answered by s1731karishma20211

Answer:

Another example of a debtor/creditor relationship is if you take out a loan to buy your house. Then you as the homeowner are a debtor, while the bank who holds your mortgage is the creditor. In general, if a person or entity have loaned money then they are a creditor.

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