A person or firm to whom money is owed is?

By: |Published on: Mar 15|Categories: Commerce WAEC| 0 comments

A. banker
B. guarantor
C. debtor
D. creditor

Correct Answer: Option D

D. creditor

Explanation

A creditor is a party that has a claim on the services of a second party. It is a person or institution to whom money is owed.

Users Also Read These:

SEE ALSO  A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a?

Copyright warnings! Do not copy.