SETTLING NORTH AMERICA 1497 1732
THE SOUTHERN COLONIES SETTLEMENT AND GROWTH
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a plant that produces blue dye
|
|
|
a person who owns land in a colony
|
|
|
a person who has a lot of money
|
|
|
a person who owes money to another
|
Detailed explanation-1: -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-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.
Detailed explanation-3: -Meaning of Debtor A debtor is an individual or organisation that owes the money. In case the debt is in the form of a loan from a financial institution, the debtor is referred to as a creditor, and the debtee is referred to as an issuer in the form of securities, like bonds.
Detailed explanation-4: -Debtor comes from the latin ‘debere’, meaning ‘to owe’. It’s the title of a person or company who owes money to another entity. If the money they owe is to a financial institution, i.e. a bank or insurance company, then the debtor will be called a borrower.
Detailed explanation-5: -Creditors are individuals/businesses that have lent funds to another company and are therefore owed money. By contrast, debtors are individuals/companies that have borrowed funds from a business and therefore owe money.