Trade Creditor

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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Other trade creditors include Direct Meats and Direct Seafoods, which were owed PS221.5k and PS102k respectively from Jamie's Italian and another PS40.5k and PS9k from Barbecoa.
COLLAPSED contractor Dawnus has left debts of more than PS40m to its trade creditors - with dozens of North Wales firms among those left out of pocket.
TRADE creditors owed more than PS6m following the collapse of North East manufacturer Godfrey Syrett are "unlikely" to be repaid, documents reveal.
Prudent trade creditors may rightly be wary of continuing to sell goods or provide services on credit to distressed customers that are headed toward bankruptcy.
Administrators Ernst & Young (EY) revealed in a report that trade creditors such as Versace, Diesel and Prada are owed millions.
The payment will consist of $81m (AED297.1m) to banks and $31m (AED115.3m) to trade creditors, with the developer repaying almost half of its outstanding debt obligations.
It means the developer, whose projects include a 200-hectare residential and commercial development in Dubai's Jebel Ali, will have cut its liabilities to banks and trade creditors by almost half come the year-end.
Summary: This will be for lender banks and trade creditors and will be done on December 21
Dubai-based real estate developer Limitless will close out 2017 with an early payment of Dh412.4 million ($112.3 million) to banks and trade creditors tomorrow (December 21).
Dubai-based real estate developer Limitless will close 2017 with an early payment of Dh412.4 million to banks and trade creditors on Thursday.
Summary: DubaiEe's Limitless reached a debt restructuring deal with its lenders and would make an early payment of AED 2.1 billion (US$ 564 million) to banks and trade creditors this month, as per a company statement.