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In [[economics]] a |
In [[economics]] a ''debtor'' (or a [[borrower]]) owes money to a [[creditor]]. In writing ledger accounts a debtor's amount is written on the debit (Dr) side, as the name suggests. Debtor as it appears in balance sheet connotes same meaning as the account receivable, |
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If the money owed becomes beyond the possibility of repayment, the debtor faces [[insolvency]] or [[bankruptcy]]. |
If the money owed becomes beyond the possibility of repayment, the debtor faces [[insolvency]] or [[bankruptcy]]. |
Revision as of 02:15, 8 September 2006
In economics a debtor (or a borrower) owes money to a creditor. In writing ledger accounts a debtor's amount is written on the debit (Dr) side, as the name suggests. Debtor as it appears in balance sheet connotes same meaning as the account receivable,
If the money owed becomes beyond the possibility of repayment, the debtor faces insolvency or bankruptcy.