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Creditors are individuals/businesses that have lent funds to another company and are therefore owed money. By contrast, debtors are individuals/companies that have borrowed funds from a business and therefore owe money. Who does a debtor owe money to? Debtors owe money to individuals or companies (such as banks). Debtors canRead More →

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When did us become a creditor nation? As recently as 1982, moreover, the United States was the world’s largest creditor nation. “It’s amazing to go from a small net creditor to the biggest debtor in one year,” said C. How did the US become a net debtor nation so rapidly?Read More →