are creditor and donor synonyms?
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Creditor noun – A person to whom money is owed by a debtor; someone to whom an obligation exists. Donor is an antonym for creditor in one who receives topic.
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['auctioneer.', 'commandeer.', 'understeer.', 'seersucker.', 'charioteer.', 'scrutineer.', 'carabineer.', 'meerschaum.']
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ERC®, in its collection space, works on behalf of a number of different creditors. We work with clients from many industries including Telecommunications, Utilities, Banks, Cable Companies, Financial Service Providers, Student Loans, etc.
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Settlor, grantor, trustor and trustmaker are different names for the person or entity that created or established the trust.
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['credit. An arrangement to receive cash, goods, or services now and pay for them in the future.', 'consumer credit. ... ', 'security (or collateral) ... ', 'closed-end credit. ... ', 'open-end credit. ... ', 'installment sales credit. ... ', 'installment cash credit. ... ', 'single lump-sum credit.']
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Current liabilities are normally settled from the amounts available in current assets. The main element of this is normally "trade creditors" – amounts owed by a business to its suppliers for goods and services supplied. A trade creditor is the reverse of a trade debtor.
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The beneficiary - the person who benefits from the trust. The trustee - the person who manages the trust.
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Ans. Financial creditor is any person to whom a financial debt is owned and includes a person to whom such debt has been legally assigned or transferred to. Operational creditor is any person to whom operational debt is owned and includes a person to whom such debt has been legally assigned or transferred to.
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Interest rate, collateral and documentation requirement and the mode of repayment together comprise what is called the terms of credit. They may vary depending on the nature of the lender and the borrower.
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A credit support annex (CSA) is a document that defines the terms for the provision of collateral by the parties in derivatives transactions. It is one of four parts of a standard contract or master agreement developed by the International Swaps and Derivatives Association (ISDA).
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When a bank grants loan and other credit facilities to the customer, the relationship between the banker and customer is reversed, that is Customer is Debtor and Banker is Creditor. In such cases banker doesn't carry/ hold the money of the customer but it is the money of the bank in the hands of the customer.
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If you made a commitment that you would assist someone by paying their student loans if they are unable to do so, you are most likely an endorser. As an endorser, you are secondarily responsible for paying back the loan. NOTE: An endorser is commonly referred to as a co-signer.
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['moneyman.', 'moneybag.', 'moneyers.', 'moneymen.', 'nonmoney.', 'moneybox.', 'moneyage.', 'moneybee.']
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In the pledge, the possession of the asset is transferred, but in the case of hypothecation, possession lies with the debtor only. Parties to the contract of the pledge are pawnor (borrower) and Pawnee (lender) whereas in hypothecation the parties are hypothecator (borrower) and hypothecatee (lender).
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Loan and debt, both link to the term money. Basically for a common man, both are liabilities that need to be paid off. ... So,the difference between 'loan' and 'debt' is that money borrowed from lender and bank is called loan, and money borrowed through debentures and bonds is called debt.
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Trade creditor. A trade creditor is a supplier that provides goods and services to its customers on credit terms. The amounts owed are stated on the balance sheet of a customer as a current liability, and on the balance sheet of the trade creditor as a current asset.
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['beneficiary.', 'benevolence.', 'benediction.', 'beneficence.', 'benefaction.', 'benchwarmer.', 'beneficiate.', 'benefactors.']