BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Lender or Creditor
|
|
|
Borrower or Debtor
|
|
|
Principal
|
|
|
Bondholder
|
Detailed explanation-1: -An investor is someone who provides (or invests) money or resources for an enterprise, such as a corporation, with the expectation of financial or other gain.
Detailed explanation-2: -The creditor (aka the lender) lends money or issues credit to the debtor (aka borrower). The debtor then has a contractual obligation to pay back the debt, often with interest. If the borrower fails to pay back the debt, the creditor might have legal recourse and the ability to take the debtor to court.
Detailed explanation-3: -A creditor is an individual or institution that extends credit to another party to borrow money usually by a loan agreement or contract. Creditors such as banks can repossess collateral like homes and cars on secured loans, and take debtors to court over unsecured debts.