A Creditor is an entity (person or institution) from whom money is borrowed to be paid back with interest at a later date. Usually, Creditors have legal contracts with the borrower granting the lender certain rights if the borrower fails to pay back the loan. For example, the right to claim any of the debtor’s real assets (e.g. real estate or car).
ACCELERATE YOUR STARTUP LAW KNOWLEDGE!
Startup Law doesn’t have to be a confusing maze. The practical knowledge in "Acceleration: What All Entrepreneurs Must Know About Startup Law" will help you make the smart decisions to protect your startup and its future. Available in ebook and hardcover.
Buy the Book on Amazon