Term for Identification: Common Sense

question 27

Short Answer

Term for identification: Common Sense

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Definitions:

Debtor

An individual or entity that owes money or is under financial obligation to another party.

Trustee

A person or organization that holds and administers property or assets for the benefit of a third party.

Assignee

A person or entity to whom rights or interests are transferred by another, known as the assignor.

Creditors

Individuals or entities that are owed money or other obligations by debtors.