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Creditors vs. Debenture holder

MMarko11y ago
What is a difference between creditors and debenture holders?
MikeLittleMikeLittleTutor11y ago#1
Debenture holders are a type of creditor (all elephants are animals but not all animals are elephants) but a creditor is not necessarily a debenture holder. A debenture, by definition, is "the written acknowledgement of a debt by a company, usually under seal" whereas a creditor, particularly trade creditors, is someone that has advanced to the company goods or services for which they have not yet been paid Is that enough for you?
MMarko11y ago#2
Thank you, it is more than enough.
MikeLittleMikeLittleTutor11y ago#3
You're welcome
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