Ask Question
BusinessBusiness
1 August, 11:52

A person or business that owes money, goods or services to another

+4
Answers (1)
  1. 1 August, 15:19
    0
    The person is called Debtor.

    On the other hand, the person or business that loan money, goods or services is called crediter. The relationship between the two usually designed to be mutually beneficial for each other. While the debtor get the injecton that they need, the creditors will obtain profit in the form of interest.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A person or business that owes money, goods or services to another ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Suppose a new recreational neighborhood park would cost $20,000, including opportunity costs, to construct and maintain. if built, the park would be a public good loading ...
Answers (1)
It would seem that Commerce Bank has a strong incentive to install bandit barriers to deter robberies? Why: then, wouldn't they do it? The banks have little concern for the safety of their customers and employees.
Answers (1)
When establishing criteria to measure the success of a customer-oriented business, managers should:?
Answers (1)
A likely example of complementary goods for most people would be
Answers (2)
Kela Corporation reports net income of $470,000 that includes depreciation expense of $83,000. Also, cash of $44,000 was borrowed on a 6-year note payable.
Answers (1)
New Questions in Business
Terri davis is planning to buy a new car. While on the internet she learned that the car has a base price of $16,007, options that total $2,334, and a $500 destination charge.
Answers (1)
gOn July 1, Twin Pines Co., a water distiller, acquired new bottling equipment with a list price (fair market value) of $220,000.
Answers (1)
3. Definition of economic costs Felix lives in Miami and runs a business that sells boats. In an average year, he receives $851,000 from selling boats.
Answers (1)
In rich countries such as the United States, changes in the level of taxation have little impact on the incentives of entrepreneurs. True or False?
Answers (1)
Organizational obligations are the same as personal ethical obligations. a. Trueb. False
Answers (1)
Home » Business » A person or business that owes money, goods or services to another
Sign Up Forgot Password?