(Phys.org) -- A rare accounting document, half-concealed beneath a coat of arms design, has revealed the activities of Italian bankers working in early 15th century London, decades before the capital became a financial powerhouse. ...
Archaeology
Jul 24, 2012
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Participants in a bankruptcy auction for failed electric-vehicle maker Fisker Automotive say Chinese auto-parts conglomerate Wanxiang Group has won with a bid of more than $149 million.
Business
Feb 15, 2014
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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.
Business
Feb 17, 2012
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(AP)—Tribune Company says it has emerged from a Chapter 11 restructuring more than four years after the media company sought bankruptcy protection.
Business
Dec 31, 2012
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Lee Enterprises, one of the largest newspaper chains in the United States, filed for bankruptcy on Monday, the latest victim of the crisis gripping the US newspaper industry.
Business
Dec 13, 2011
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Two South Korean companies said Friday they had submitted preliminary bids to buy a controlling stake in Hynix Semiconductor, the world's second-largest memory chip maker.
Business
Jul 8, 2011
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Troubled German semiconductor maker Infineon has asked the government for around 500 million euros (690 million dollars) in loan guarantees, a press report said on Thursday.
Business
May 28, 2009
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South Korea's Hynix Semiconductor Wednesday lost its sole potential buyer after shipmaking giant Hyundai Heavy Industries said it would not bid for a stake in the world's second-largest memory chip maker.
Business
Jul 6, 2011
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Creditors of South Korea's Hynix Semiconductor said Tuesday they had raised 923.2 billion won (813.5 million dollars) by selling a 6.67 percent stake in the world's second-largest memory chipmaker.
Business
Mar 16, 2010
0
0
Kodak's trip through bankruptcy is now a memory for the scrapbook.
Business
Sep 3, 2013
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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.
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