Creditor

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Creditor is anyone who has a claim to assets of a legal entity, but not an owner of this entity. For instance, a creditor can be the person or business to whom another business owes money for purchases made.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Creditor. Anyone who has a claim to assets.

Related concepts

Related coursework