Definition of
creditor
somebody you owe money for goods or services a person or an entity to whom money is owed as a consequence of the receipt of goods or services in advance of payment
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creditor - Related Articles
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Creditor and Debtor Days
CalculationsCreditor days is a measure of the number of days on average that a company requires to pay its creditors, while debtor days is a measure of the number of days on average that it takes a company to receive payment for what it sells. It is also called accounts receivable days.
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Patrick Buchmann
Biographiespractice areas. He is an expert on net working capital optimization. Over the past years he has led and supported a number of international projects, with a focus on the optimization of processes and inventories as well as creditor and debtor management. Buchmann holds a master’s degree from the Technical University of Berlin in industrial engineering with emphasis on production technology and logistics, and he studied business administration at the Cass Business School in London.
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Managing Bankruptcy and Insolvency
Checklistsis unable to pay its creditors. Creditors can force bankruptcy by filing a suit in court against the company in debt, but more usually a company will initiate bankruptcy proceedings itself.
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Insolvency/Bankruptcy Regulations in Major Regions
ChecklistsInsolvency procedures differ around the world, but all of them allow debtors to find a solution to their indebtedness and protect them from creditors.
Definitions of ’creditor’ and meaning of ’creditor’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’creditor’ and other financial terms with our online QFINANCE Financial Dictionary.
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