Terms of the offer
A debtor is a party that owes money to a creditor . The concept can apply to individual transactions, so you could be a debtor in regard to a specific invoice. Debtor is a core concept in corporate finance and accounting. Understand its definition , benefits, and explore the latest Debtor trends here. Learn what debtors and creditors are, how they differ, and how they are shown in financial statements. Debtors are customers who owe money to a business, while creditors are suppliers or vendors who are owed money by a business. Debtors Updated Sep 8, 2024 Definition of Debtors Debtors are individuals or entities that owe money to another party. In the context of business accounting, debtors are often referred to as “accounts receivable.” This term represents the money owed to a company for goods or services delivered or used but not yet paid for by customers.
