Posted by admin in Glossary

Sometimes called the creditor account debtor. This is the customer or other debtor of a factor’s client; this is the person or entity that owes money and from whom the factor is trying to collect. Example: Assume Bob performs auto repair work for Carol and bills her for $100 and then sells the receivable to Donna. In this relationship, Donna is the factor, Bob is the client and Carol is creditor account debtor.

2 Responses to “Account Debtor”

1. 1
   Customer Pinged With: @7:40 pm 
   

   [...] Factoring September 27th, 2009 at 7:40 pm Customer Posted by admin in Glossary See Account Debtor. [...]

2. 2
   Debtor Pinged With: @7:41 pm 
   

   [...] While the debt is normally money, it can also be some service as in a bartering exchange. See also Account Debtor. [...]

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