Creditor Concept

A creditor is all before which a person or entity has a financial debt. In this sense, a creditor can be, for example a financial entity that through a loan funded the activity or an investment, the State to whom eventually taxes are due, a supplier who supplied on credit certain merchandise or service, an employee to whom hasn’t yet been paid the salary, a partner who lent money to his company.

 

 

Translated from Portuguese by Susana Saraiva, Portuguese-English and English-Portuguese translation specialist. Contact: spams@sapo.pt.