BNET Business Dictionary
Business Definition for: Account Debtor
- a person or organization responsible for paying for a product or service
Additional Resources
- Credit Account
- Credit insurance is designed to protect businesses against non-payment by a debtor. The policies help out when a customer pays late or goes insolvent. Insurance normally covers 90 to 95 per cent of the insured debts, and businesses can choose to insure invoices, specific customers or their whole book of...
- White papers 2004-10-04
- Debtor prison: Orleans Parish Criminal Sheriff's Office needs more
- The Orleans Parish Criminal Sheriff's Office will lose $15.9 million in 2008 by maintaining fewer cells at Orleans Parish Prison and earning less revenue. Sheriff Marlin Gusman said the city must soon increase the per- prisoner cost of $22.39 per day it will pay to house a...
- Research articles 2007-12-03
- A strategy for maximizing payment on your delinquent account.
- Have you ever experienced that sinking feeling when attempting to collect an invoice which has just become due and the customer says they can only pay a percentage of what is owed as full settlement? Now what? Do you promptly accept the offer? Do you attempt to...
- Research articles 1997-11-01
- Settlement Offer On Disputed Amount
- This is a template for settlement offer on disputed amount. The purpose of this for is to resolve an account in dispute between a creditor and a debtor. Debtor agrees to pay to creditor and creditor agrees to accept from debtor a certain sum of money as a complete and...
- Tools & templates 2007-12-01
- How to Get Customers to Pay Up
- Hounding clients to pay their unpaid bills is a loathsome task, even when the economy is good. But in a recession, mismanaging accounts receivable threatens both customer relationships and the health of the company. Here's how to make your clients pay — tactfully. ...
- Articles 2009-03-06
- Settlement Pacts & Forbearance Within 90-day Prepetition Period: New Value or no Value?
- Read in the article that currently, there is no definite answer as to whether or not settlement agreements based on the forbearance of a suit will be deemed as a new obligation or a "transfer for or on account of an antecedent debt." It is important to draft the agreement,...
- White papers 2001-01-01
- Signet Group plc Q3 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Thank you. The question and answer session will be conducted electronically. [Operator Instructions]. We'll take our first question now from Dahab Shahri [ph] from Dasco [ph]. Please go ahead. Unidentified Analyst Hi. A question on the like for like drop since early November. Do you have any...
- Earnings calls 2007-11-27
- Looking Back in Order to Look Ahead
- When the credit crisis broke out in Q3 2007, we were reminded about the horrendous mistakes of the past as the real culprit behind the bubble - many of us blamed Mr Greenspan! Central banks vowed not to repeat those mistakes while handling the problem. But as we slipped deeper...
- External links 2009-04-03
- Administrative Freeze and Setoff: Don't Delay!
- When a borrower with a checking account seeks bankruptcy relief, a bank may be tempted to "give it a while" to see what proposal the borrower-debtor makes for loan repayment. A bank in New Jersey recently learned that such delay does not pay!
- White papers 2003-12-30
- Soros Got It Right
- George Soros has cried wolf on the economy twice in the past three decades. Earlier this year he cried wolf again, and as he noted the third time the boy cried wolf, there really was a wolf (see George Soros Goes Bubblicious). This time, Soros looks...
- Blog posts 2008-10-09
- CFA Education
- The Workouts and Bankruptcy Workshop will meet February 9-11. The Workshop's goal is to provide lenders with the resources to make prudent decisions and to adopt proper procedures in distressed situations. Topics include Consensual Workouts In and Out of Bankruptcy, Adversarial Bankruptcy Proceedings, Dispositions of Collateral, Third-Party Issues, Plan of...
- Research articles 2005-01-01
- Thai Publisher Can Borrow More from State-Owned Bank.
- By Cholada Ingsrisawang, Bangkok Post, Thailand Knight Ridder/Tribune Business News Mar. 7--State-owned Krung Thai Bank has reclassified the M Group, publisher of Phu Chad Karn Manager daily, as a good debtor with a promising future and will grant it more loans. ...
- Research articles 2002-03-07
- White House: Managed bankruptcy an option
- WASHINGTON ? For the first time, the Bush administration said today that arranging bankruptcy was one of the options it was considering as part of direct aid to General Motors Corp. and Chrysler LLC. The statement came as GM unequivocally denied a published report that merger talks with Chrysler and...
- News items 2009-08-07
- Bankruptcy prospect looms for automakers; Bush raises stakes
- WASHINGTON -- The prospect of one or more Detroit automakers filing for bankruptcy rose Thursday as General Motors Corp. and Chrysler LLC weighed their options, and the Bush administration signaled that court-ordered cuts for creditors, suppliers and unions could be linked to a rescue. Although federal officials emphasized that no...
- News items 2009-08-07
- Maximize Collections Efforts
- The first thing to realize is probably the most important rule of bad debt collection: the collection effort begins before the sale is made. If you wait until a debt goes bad and the debtor goes south, the likelihood of collection is low. But if the sales person takes time...
- White papers 2009-01-01
