Business Studies, asked by saykoshid353, 10 hours ago

term Debtor
please ans​

Answers

Answered by rima12321
12

Answer:

A debtor or debitor is a legal 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 is more often referred to as a borrower.

Answered by vatsaldogra
0

Answer:

A person,country or organization that owes money

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