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: -A debtor is a person or business that owes money to another person or business. For example, if you take out a car loan from your credit union, you’re the debtor and the credit union is the creditor in this transaction.

Detailed explanation-4: -A bank owes money to its depositors-that is why it is called debtor. On the other hand, a bank grants loans and all those who have taken loan owe money to banks. That is why a bank is also called creditor. A bank is a debtor for its depositors and creditor for its loan holders.

Detailed explanation-5: -In business, a debtor is an individual, business or any other entity that owes money to another entity because they’ve been provided with a service or product or borrowed money from an institution. In every case, the debtor owes money and remains a debtor until they’ve paid the full amount back.