Trade Creditor

Trade Creditor

A seller who delivers goods to a buyer and does not require payment for a certain period of time. This means that the buyer owes money to the seller for the trade, making the buyer a debtor and the seller a trade creditor.
References in periodicals archive ?
Once done, Limitless, which has extensive land bank in Jebel Ali and overseas development interests, will have repaid almost half of its outstanding bank debt and trade creditor obligations.
Once made, Limitless will have repaid almost half of its outstanding bank debt and trade creditor obligations.
The trade credit community believes that any payment made to a trade creditor within the 90-day period before the filing of a bankruptcy proceeding should be presumed to have been made in the ordinary course of business, except in the event that a trade creditor is an insider of the debtor, and that the burden to overcome the presumption of ordinary should rest on the trustee.
Unfortunately, the Bankruptcy Code fails to specifically address the rights and obligations of a trade creditor facing this dilemma, resulting in a tug-of-war created by the debtor's need for continued goods and services and the creditor's need for assurance of payment.
Chairman Lootah, quoted on the Dubai Media Office's official Twitter feed, said that Nakheel was proceeding with the trade creditor debt restructure plan
The second tranche of the bond, the timeframe of which was not disclosed, will be used to meet trade creditor claims, he said.
Trade creditor debts are causing the greatest concern with 32 per cent of all businesses saying they are most worried about the amount they owe in trade debts.
Nakheel is pleased to announce that 91 per cent [by value] of trade creditor accounts payable has been finalised in signed restructuring undertakings," the company said yesterday.
We develop a simple model that demonstrates the optimality of granting a bank priority over a firm's cash revenues, while at the same time allowing the firm's trade creditor to collateralize the good it supplies.
The ADI decision risks reduced trade creditor recoveries on their higher priority Section 503(b)(9) claims where the debtor has setoff or recoupment rights based on its pre-petition claim against the creditors.
148 billion, and further underpins Nakheel's commitment towards successfully implementing its revised business plan and the settlement of trade creditor claims.
The bond will go towards part settlement of trade creditor claims against the company worth around Dh5.