debtor-creditor

debtor-creditor
Under the Consumer Credit Act 1974, a debtor-creditor-supplier agreement is one where the creditor (the person offering finance) is connected in some way with the dealer or supplier of the goods by the credit or where the creditor and supplier are the same person and the loan is in connection with the purchase of goods supplied by the supplier. A debtor-creditor agreement is one involving a straight loan unconnected with particular goods.

Easyform Glossary of Law Terms. — UK law terms.

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  • debtor-creditor-supplier — Under the Consumer Credit Act 1974, a debtor creditor supplier agreement is one where the creditor (the person offering finance) is connected in some way with the dealer or supplier of the goods by the credit or where the creditor and supplier… …   Law dictionary

  • creditor — cred·i·tor / kre də tər, ˌtȯr/ n: a person to whom a debt is owed; esp: a person to whom money or goods are due compare debtor, obligor general creditor: a creditor who is not secured by a lien or other security interest – called also unsecured… …   Law dictionary

  • Creditor's rights — is a legal term used to describe the set of procedural provisions designed to protect the ability of creditors persons who are owed money to collect the money that they are owed. These provisions vary from one jurisdiction to another, and may… …   Wikipedia

  • debtor — debt·or n: a person who owes a debt see also bankrupt compare creditor, obligee, obligor ◇ The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.” …   Law dictionary

  • creditor's claim — 1) A written claim filed in federal bankruptcy court by a person or entity owed money by a debtor who has filed for bankruptcy. 2) A written claim filed in probate court by a person or entity owed money by a person who has died. State law sets a… …   Law dictionary

  • creditor — a person to whom or business to which the debtor owes money or that claims to be owed money by the debtor (Glossary of Common Bankruptcy Terms) That person who has a claim, preferred, secured or unsecured, provable under the Bankruptcy and… …   Glossary of Bankruptcy

  • debtor nation — UK US noun [C] (also debtor country) ► ECONOMICS, POLITICS a country that owes more to other countries than other countries owe to it: »The heavy foreign buying of U.S. securities flipped the U.S. over from creditor to debtor nation a few years… …   Financial and business terms

  • creditor's bill — see bill 3a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. creditor s bill …   Law dictionary

  • creditor nation — ➔ nation * * * creditor nation UK US noun [C] (also creditor country) ► ECONOMICS, POLITICS a country that owes less to other countries than other countries owe to it: »Asia is now a region of creditor nations, not debtors. → Compare …   Financial and business terms

  • Debtor — Debt or, n. [OE. dettur, dettour, OF. detor, detur, detour, F. d[ e]biteur, fr. L. debitor, fr. debere to owe. See {Debt}.] One who owes a debt; one who is indebted; correlative to creditor. [1913 Webster] [I ll] bring your latter hazard back… …   The Collaborative International Dictionary of English

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