SETTLING NORTH AMERICA 1497 1732
THE SOUTHERN COLONIES SETTLEMENT AND GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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representative
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overseer
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debtor
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None of the above
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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 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-3: -(dɛt ) Word forms: debts. variable noun. A debt is a sum of money that you owe someone.
Detailed explanation-4: -The difference between a debtor and a creditor is that the creditor is the one who lends money in a credit relationship, and the debtor is the one who borrows it.