SETTLING NORTH AMERICA 1497 1732
THE 13 COLONIES LIFE IN EARLY AMERICA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a debtor?
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People who build homes for others
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People who pay their taxes on time
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People who had been put in prison for owing money
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Family members of the King and Queen
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Explanation:
Detailed explanation-1: -A debtor is commonly known as a borrower, but when a company’s debt is in the form of securities, it is called an issuer. The relationship of a debtor is completed with the Creditor, where the Creditor is the entity to whom the debtor owes the money. For example, ‘A’ borrows money from the Bank.
Detailed explanation-2: -When someone owes you money, you are known as a creditor and the person who owes you money is a debtor.
There is 1 question to complete.