Who is the creditor in a loan?
The creditor is the “lender”, which is the entity or person that is loaning the money to the debtor (borrower). An example of a creditor would be a bank (Chase, Bank of America, etc).
Back To All Questions
You might also be interested in... What is the difference between a debtor and a creditor?
When a company borrows money, they are considered the debtor, or the borrower. The debtor would borrow money from the creditor, or lender (i.e. a bank). The debtor borrows cash from lender for a set period of time and will likely pay the lender interest.
Who is the debtor is a banking relationship?
The debtor is the borrower and receives the loan from the creditor, which is the lender. Wouldn’t it be easy if we just used the terms lender and borrower?
What is the difference between a debtor and a creditor?
When a company borrows money, they are considered the debtor, or the borrower. The debtor would borrow money from the creditor, or lender (i.e. a bank). The debtor borrows cash from lender for a set period of time and will likely pay the lender interest.
Who is the debtor is a banking relationship?
The debtor is the borrower and receives the loan from the creditor, which is the lender. Wouldn’t it be easy if we just used the terms lender and borrower?
