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**'Current creditors' |
**'Current creditors' |
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Debt |
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== See also == |
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From Wikipedia, the free encyclopedia |
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* [[Accounts payable]] |
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Jump to: navigation, search |
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* [[IOU]] (I Owe You) |
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For other uses, see Debt (disambiguation). |
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* [[Trade]] creditors |
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This article does not cite any references or sources. (July 2007) |
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* [[Debenture]] [[loan]]s |
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Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. |
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* [[Bank loan]] and [[Overdraft]]s |
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Personal finance |
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* [[Payment]]s received on account |
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* [[bill of exchange]] payable |
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* Intra-group accounts owed |
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* Proposed [[dividends]] |
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* [[Accruals]] and deferred income |
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Debt is that which is owed; usually referencing assets owed, but the term can cover other obligations. In the case of assets, debt is a means of using future purchasing power in the present before a summation has been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy. |
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{{finance-stub}} |
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A debt is created when a creditor agrees to lend a sum of assets to a debtor. In modern society, debt is usually granted with expected repayment; in many cases, plus interest. Historically, debt was responsible for the creation of indentured servants. |
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[[Category:Finance]] |
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[[Category:Generally Accepted Accounting Principles]] |
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[[da:Kreditor]] |
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[[de:Gläubiger]] |
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[[et:Võlausaldaja]] |
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[[es:Acreedor]] |
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[[fr:Créancier]] |
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[[ko:채권자]] |
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[[it:Creditore]] |
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[[lt:Kreditorius]] |
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[[nl:Crediteur]] |
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[[no:Kreditor]] |
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[[pl:Wierzyciel]] |
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[[ru:Кредитор]] |
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[[simple:Creditor]] |
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[[sv:Borgenär]] |
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[[uk:Кредитор]] |
Revision as of 22:58, 23 January 2008
A creditor is a party (e.g. person, organization, company, or government) that has a claim to the services of a second party. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property or service. The second party is frequently called a debtor or borrower.
Simply put, creditors are people to whom someone owes money.
The term creditor is frequently used in the financial world, especially in reference to short term loans, long term bonds, and mortgages. In law, a person who has a money judgment entered in their favor by a court is called a judgement creditor.
The term creditor derives from the notion of credit. In modern America, credit refers to a rating which indicates the likelihood a borrower will pay back his or her loan. In earlier times, credit also referred to reputation or trustworthiness.
Accounting classification
In accounting presentation, creditors are to be broken down into 'amounts falling due within one year' or 'amounts falling due after more than one year'...
The financial statements presentation is this:
- Long-term liabilities
- 'Long-term creditors'
- Current liabilities
- 'Current creditors'
Debt From Wikipedia, the free encyclopedia Jump to: navigation, search For other uses, see Debt (disambiguation). This article does not cite any references or sources. (July 2007) Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. Personal finance
Debt is that which is owed; usually referencing assets owed, but the term can cover other obligations. In the case of assets, debt is a means of using future purchasing power in the present before a summation has been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.
A debt is created when a creditor agrees to lend a sum of assets to a debtor. In modern society, debt is usually granted with expected repayment; in many cases, plus interest. Historically, debt was responsible for the creation of indentured servants.