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Question

A person or entity to whom money is owned is known as ________.

A
Creditor
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B
Claimant
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C
Bailee
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D
Debtor
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Solution

The correct option is A Creditor
A creditor is a party (for example, person, organisation, company, or government) that has a claim on the services of a second party. It is a person or instruction to whom money is owed. A creditor may be a bank, supplier, or person that has provided credit to a company.

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