Trade creditors

Trade creditors are businesses or individuals that a company owes money to for goods or services that have been supplied on credit. Trade creditors are also known as accounts payable or trade payables. A trade creditor is typically a supplier or vendor who has provided the company with goods or services and is entitled to payment for those goods or services. The company is responsible for paying the trade creditor within a certain period of time, typically 30, 60, or 90 days, depending on the terms of the credit agreement.