Discuss the Difference Between Primary and Secondary Stakeholders in the Stakeholder

question 9

Essay

Discuss the difference between primary and secondary stakeholders in the stakeholder interaction model and give examples for each type.

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Definitions:

Debtor

An individual or entity that owes money or has a financial obligation to another party, known as the creditor.

Mortgage

A written instrument that gives a creditor (the mortgagee) an interest in, or lien on, the debtor’s (mortgagor’s) real property as security for a debt. If the debt is not paid, the property can be sold by the creditor and the proceeds used to pay the debt.

Creditor

An individual, institution, or entity that lends money or extends credit, expecting to be repaid.

Lien

A claim against specific property to satisfy a debt.