Examlex
Describe what the operations function is and how it relates to other business functions.
Debtor
An individual or entity that owes money or is in debt to another party.
Composition Agreement
An arrangement between a debtor and their creditors in which the creditors agree to accept a partial payment in satisfaction of the debts owed.
Creditors
Creditors are individuals or entities that are owed money by another entity or individual, known as a debtor.
Debtor
A person, company, or country that owes money.
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