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 ?
A trade creditor was in the process of obtaining a county court judgement against CRC with a hearing scheduled for November 4, 2011.
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.
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.
Nakheel today (7 January) issued the third tranche of its trade creditor Sukuk.
Summary: DUBAI - Nakheel confirmed that it has made the necessary arrangements enabling Deutsche Bank, the registrar and paying agent for the trade creditor sukuk, to make the third profit payment of Dh201 million to all dukuk holders on the due date, December 15.
Nakheel is pleased to confirm that the profit payment of 10 per cent due on December 15, on the Trade Creditor Sukuk issued in late August, will be paid on time," the company said in a statement yesterday.
Nakheel is pleased to confirm that the profit payment of 10 per cent due on 15 December 2011, on the Trade Creditor Sukuk issued in late August this year, will be paid on time," it said in an e-mailed statement to Khaleej Times.