Ask Question
BusinessBusiness
21 September, 21:17

A person or business that owes money, goods or services to another

+3
Answers (1)
  1. 21 September, 21:27
    0
    The person is called Debtor.

    On the other hand, the person or business that loan money, goods or services is called crediter. The relationship between the two usually designed to be mutually beneficial for each other. While the debtor get the injecton that they need, the creditors will obtain profit in the form of interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A person or business that owes money, goods or services to another ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Tracy recently had an interview at the local pet store and was offered a position. After weighing the pros and cons, she determined the job was not the right fit for her. How should Tracy follow-up with her job offer
Answers (1)
Bonnie and Ernie file a joint return. Bonnie works and receives income during the year but Ernie does not. If the couple files a joint tax return, Ernie is responsible for paying any taxes due if Bonnie is unable to pay the taxes.
Answers (1)
4) All of the following are true of known liabilities except:A) Include accounts payable, notes payable, and payroll. B) Are obligations set by agreements, contracts, or laws. C) Are measurable. D) Are definitely determinable.
Answers (1)
The closing is conducted by the seller's agent. true or false
Answers (1)
What do inflation rates measure? O A. The rates at which businesses can borrow money O B. The total worth of all products produced within a country's borders O C. The speed with which general prices are rising O D.
Answers (1)
New Questions in Business
What is the policy that allows business to operate with little or no government interference?
Answers (1)
Suppose a country is in the midst of an economic boom and is running large budget surpluses. The prime minister suggests that due to the good economic conditions, the time is ripe for a large tax cut.
Answers (1)
What term refers to the efficient use of resources?
Answers (1)
Beautiful Watches has two product lines: Luxury watches and Sporty watches. Income statement data for the most recent year follow: ... Total ... Luxury ... Sporty Sales revenue ... $490,000 ... $360,000 ... $130,000 Variable expenses ... 359,000 ...
Answers (1)
The following data pertain to an investment proposal: Required investment $75,000 Annual cash savings $18,000 Projected life of investment 8 years Projected salvage value $4,000 Required rate of return 16% Ignoring income taxes, how much is the net
Answers (1)
Home » Business » A person or business that owes money, goods or services to another
Sign Up Forgot Password?