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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Indentured Servant
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Slave
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Both
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None of the above
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Detailed explanation-1: -Example Sentences The debtor agrees to pay the debt over a three-year period.
Detailed explanation-2: -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. If you’re a debtor, you are indebted to someone else.
Detailed explanation-3: -A debtor is an individual, business or any other entity that owes money to another entity because they have been provided with a service or good, or borrowed money from an institution. There are two types of debtors to be aware of as a business owners-(i) staff loans and (ii) trade debtors.
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.