What is Account Debtor?
Someone who owes an obligation by virtue of an account, chattel paper, or general intangible.
RELATED TERMS
- Account Debtor
Someone who owes an obligation by virtue of an account, chattel paper, or general intangible.
- Bad Debt
Debt that is unlikely to be collected. Unpaid invoices (an example of bad debt) is often paid for out of the client’s reserve account and or sold to a collections agency.
- Long-Term Debt (LTD)
Long-Term Debt (LTD) are loans or other financial obligations that are being paid down over the span over more than one year. You will find long-term debt in the long term section of the Liabilities on a Balance Sheet.