From the point of view of a business entity, a person or business to whom a debt is owed is known as a:
A) debtor.
B) creditor.
C) debitor.
D) bank.

Question

Quizplus · Accepted Answer

A creditor is a person or business to whom a debt is owed by another person or business. The debtor is the one who owes the debt. "Debitor" is not a commonly used term and "bank" is not necessarily always the person or business to whom a debt is owed.

From the Point of View of a Business Entity, a Person