Creditors

Business / Accounting / Creditors: A list of suppliers to whom the business owes money.

Creditors (Control Account)

Business / Accounting / Creditors (Control Account): An account in the nominal ledger which contains the overall balance of the Purchase Ledger. MORE

Best-Interests-Of-Creditors Test

Business / Finance / Best-Interests-Of-Creditors Test: The requirement that a claim holder voting against a plan of reorganization must receive at least as much as if the debtor were liquidated. MORE

Creditors Committee

Business / Finance / Creditors Committee: Lender of money. MORE

Sour Bond

Business / Finance / Sour Bond: A company's ability to satisfy its obligations to creditors when they are due. A company is 'technically insolvent' if it has enough assets to pay creditors, but cannot liquidate them quickly enough t MORE

Debtor

Business / Finance / Debtor: Indicator of financial leverage. Compares assets provided by creditors to assets provided by shareholders. Determined by dividing long-term debt by common stockholder equity. MORE

Accord And Satisfaction

Business / Real Estate / Accord And Satisfaction: The settlement of an obligation. An accord is an agreement by a creditor to accept less than bargained for from a debtor. The creditors acceptance of the accord constitutes satisfaction of the debt. MORE

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