News tagged with creditors
Chinese firm in iPad row threatens to sue Apple in US
A debt-laden Chinese computer firm embroiled in a copyright row with Apple over the iPad name on Friday threatened to sue the technology giant in the United States for $2 billion.
Feb 17, 2012 |
4.3 / 5 (6) |
4
Study: Small firms need more access to credit during financial troubles
When the economy sours, small firms seeking credit tend to face higher costs of financing, leading them to reinvest their profits before they pay off creditors, according to research published by a University of Illinois ...
Other Sciences / Economics & Business
Oct 05, 2010 |
3 / 5 (2) |
0
Apple says Proview iPad trademark demands unfair
(AP) -- In its latest statement on a simmering dispute over the iPad brand name, Apple Inc. said Tuesday that Proview Electronics' insistence that it still owns the mainland China iPad trademarks is misleading and unfair.
Mar 13, 2012 |
1 / 5 (4) |
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Creditor
A creditor is a party (e.g. person, organization, company, or government) that has a claim to the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption (usually enforced by contract) that the second party will return an equivalent property or service. The second party is frequently called a debtor or borrower. The first party is the creditor, which is the lender of property, service or money.
The term creditor is frequently used in the financial world, especially in reference to short term loans, long term bonds, and mortgage loans. In law, a person who has a money judgment entered in their favor by a court is called a judgement creditor.
The term creditor derives from the notion of credit. In modern America, credit refers to a rating which indicates the likelihood a borrower will pay back his or her loan. In earlier times, credit also referred to reputation or trustworthiness.
For more information about Creditor, read the full article at
Wikipedia.
This text uses material from Wikipedia and is available under the GNU Free Documentation License.
