Information AboutCreditor |
| CATEGORIES ABOUT CREDITOR | |
| finance | |
| generally accepted accounting principles | |
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In other words, your creditors are people to whom you owe money. The term creditor is frequently used in the financial world, especially in reference to short term Loan s, long term Bond s, and Mortgage s. The term creditor derives from the notion of Credit . In modern America, credit refers to a rating which indicates the ability of a borrower and likelihood to pay back his or her loan. In earlier times, credit also referred to reputation or Trustworthiness . |
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