Lesson 45 pg. 128 - 130 Flashcards
1
Q
What are interests or dividends?
A
If he invests his money or goods in someone else’s enterprise, he will usually be paid a reward that is called interest or dividends, and if he invests in some enterprise of his own, he probably expects to receive a reward equivalent to the interest or dividends he would receive if he invested in some other business.
2
Q
Define debtor
A
debtor - one who borrows money or capital
3
Q
Define creditor
A
creditor - one who lends money or capital