Debtor and Creditor | Debtor and Creditor in Hindi | Who are Debtors and Creditors

Описание: 🔴 What Is a Debtor?
A debtor is someone who borrows money. Other terms for this role include borrower, debt holder, lessee, mortgagor and customer. Debtors can be individuals, small businesses, large companies or other entities.

🔴 What Is a Creditor?
Opposite of the debtor in a credit relationship is the creditor. Other terms for creditor include lender, lessor and mortgagee.
In most cases, creditors are banks, credit unions and other lending institutions. But they can also be individuals, nonprofit organizations, trade vendors or other entities.

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🔴 This video might be useful for students preparing for -
🗣️ 11th Commerce #11thcommerce
🗣️ 12th commerce boards #12thcommerce
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🗣️ CA Foundation #cafoundation
🗣️ UGC NET COMMERCE #ugcnetcommerce
🗣️ LLB #llb
🗣️ UGC NET COMMERCE #ugcnetlaw

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🔴 In this video - #padhakulog
Teacher's Name - CS Payal Popli
Topic - Difference between Debtors and Creditors

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