Part of a business's liabilities. Amounts due to third parties. Creditors are analysed in the balance sheet into those due within one year and those due after more than one year. Dresdner Kleinwort Wasserstein financial glossary

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creditors [plural] UK (US payables)
ACCOUNTING, FINANCE the amounts in a company's accounts that show money owed by the company
Compare DEBTOR(Cf. ↑debtor)
Main Entry: creditor

Financial and business terms. 2012.

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