👉 Grantor in accounting refers to a person who has granted permission or approval for another party to make payments, such as loans, investments, or other financial transactions. This action is often performed by a borrower, which is usually an individual or entity with the ability to pay back the loan amount. The grantor's role is crucial because it determines how much money will be paid out in payment terms. In the context of a loan, for example, if the grantor agrees that the lender will pay
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What is the definition of Grantors? 🙋
👉 Grantors are individuals, organizations, or entities that provide financial support to another organization or individual. Grantors can be individuals, corporations, foundations, governments, non-profit organizations, and others who contribute resources such as money, time, expertise, technology, or other forms of assistance to achieve a common goal. They often act in the role of stewards or beneficiaries of the grantee's efforts to ensure that the funds are used effectively for the intended purpose.
