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Persons to whom or organizations to which money or some other debt is owed. The accounts of all businesses will include, in the balance sheet, a figure for creditors. Companies must, in their accounts, distinguish between creditors payable within the coming year and those payable after longer periods. Additionally, the 1981 Companies Act required specific indication in the accounts of amounts not due for payment until after five years beginning from the day following the date of the accounts together with terms of repayment in such cases and details of any interest payable.

Reference: The Penguin Business Dictionary, 3rd edt.