When it comes to financing your business, how do you know what is the right...
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.
