BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A debtor is the individual or business that is “in debt” as they are borrowing the funds from the creditor. The debtor, who may be referred to as the borrower, is the one that borrows funds but owes them back, while the creditor lends out the funds and typically expects them to be paid back with interest.

Detailed explanation-2: -A debtor is a company or individual who owes money. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower, and if the debt is in the form of securities-such as bonds-the debtor is referred to as an issuer.

Detailed explanation-3: -Most of our debtor-creditor relationships arise from voluntary interactions. Examples include loans of all types, credit lines and the use of credit cards. When a person purchases a car and finances the cost, the purchaser is voluntarily incurring debt.

Detailed explanation-4: -Debtor-creditor law governs situations where one party, known as the debtor, is unable to pay a monetary debt to another, known as the creditor. Debtor-creditor law typically plays out through bankruptcy proceedings.

Detailed explanation-5: -In every credit relationship, there’s a debtor and a creditor: The debtor is the borrower and the creditor is the lender.