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What is the distinction between debtor and creditor? ​
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8 votes
What is the distinction between debtor and creditor?
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User Neowizard
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2 Answers

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26 votes

Answer:

A creditor is a person who lends money or extends credit to another person. A debtor is a system or person that owes money to another orginization or party (AKA a company or individual who owes money.)

Step-by-step explanation:

Hope this helps you! Good luck :)

User Mikie
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17 votes
17 votes

Debtor → A company or individual who owes money.

Creditor → A person to whom a debt is owed especially.

  • Basically the debtor is the borrower and the creditor is the lender.


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User Jack Dre
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