Trade Creditor

(redirected from Trade Creditors)

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 ?
07bn) to banks and trade creditors, following a major development in its financial restructuring.
Sue Macleod, chief investigator at The Insolvency Service, said: "This is a case where the director caused the company to continue to incur liabilities so that creditors were bearing all the risk of the company's trading, breaching his duties to both HMRC and trade creditors.
9 million, 10 per cent tap certificates due 2016 to its trade creditors under its AED 8.
The developer said apart from the sukuk and related profit payments it has also paid around Dh10 billion to various trade creditors and contractors since November 2009.
Limitless, which was hit hard by the emirate's 2009 property market crisis, will fully repay trade creditors in 2015 without offering any interest on their loans due, Ali Rashid Lootah told reporters.
Most of our trade creditors have been paid; we have achieved a huge mitigation of our long-time payment liabilities.
The land has been valued by reputable companies and was accepted by lenders and trade creditors," chairman Ali Rashed Lootah said after a press conference yesterday, without saying who evaluated the asset.
Islamic bond to trade creditors in the United Arab Emirates (UAE) starting on Thursday 24th August 2011.
31 bln) Islamic bond to trade creditors on Thursday, its chairman said, as the property firm completes a complex debt restructuring underway since 2009.
Small businesses with an annual turnover of less than pounds 1m owe on average around pounds 110,000 to the bank, pounds 82,000 to trade creditors and pounds 28,000 to the Crown for payments such as VAT and National Insurance, said the report.
Insolvency trade body R3 also found that one in five businesses - 19 per cent - is worried about the amount of debt they currently owe creditors, with smaller businesses owing on average pounds 110,000 to the bank, pounds 82,000 to trade creditors and pounds 27,000 to the Crown.