BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -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-2: -A debtor is a person or organisation that owes money. This will often be owed for services or goods, or because they have borrowed money. In most instances, the debtor will have a legal obligation to pay the debt. The person they owe the money to is known as a creditor.

Detailed explanation-3: -If you’re a debtor, you are indebted to someone else. Sometimes, a debtor refers to someone who files for bankruptcy. A borrower and debtor are nearly interchangeable terms. A borrower is in debt to a lender or financial institution when they borrow money.

Detailed explanation-4: -A Debtor is one of the major terms of accounting. A debtor is a person or an entity that owes money to another, which could be any individual or institution (including the government). In most cases, the debtor has to pay interest on debt along with the principal debt.

Detailed explanation-5: -A creditor can be a person or financial institution-like a bank or credit card issuer-that offers credit to another party. The party that borrows the credit is called a debtor.