Question

what is creditors ?what is creditors ? explain breifly ​

Answer 1

Creditor

$\longrightarrow$ A creditor is a lender that is entitled to receive a payment from a borrower. The lender can be a business, organization, or individual. Basically, any entity that loans a business money or assets is considered a creditor.

$\longrightarrow$ For example, if you have an outstanding balance on a loan, then you have a creditor.

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It helps uhh. . .♡

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Answer 2

$\longmapsto$ A creditor or lender is a party that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption that the second party will return an equivalent property and service.

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