Can you share specific examples? Also, when are they the same entity and when are they different?
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simple search would answer this, homework questions don't help anyone in general. – GµårÐïåñ Dec 23 '14 at 20:50
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Homework questions are allowed on the site, as long as they are useful to others. This one, maybe not so much. – JohnFx Dec 23 '14 at 23:07
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OP: it's the same thing – codekiddy Dec 24 '14 at 00:55
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A lender lends money to a person or institution.
A creditor is owed money by the person or institution. Many times they are equal. But if you owe money to somebody they are a creditor. You could have paid with a check, but it bounced. Or you contracted them for a service, and then never paid for that service.
Yes technically a creditor did offer a short term that was supposed to be paid within X days of being billed.
Sometimes a creditor works the other way also. You gave a deposit to company X for them to remodel your kitchen. They never start the job. They now owe you a refund of your deposit. You are now a creditor.
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