Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.
However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.
This means someone who is executing anything, usually a will. This means an individual or an entity appointed by the testator for executing the terms and conditions of wills. This also means someone putting something into practice or implementing something. The executor is the organization or individual administering the estate of any individual upon his/her death.
The executor of the will holds the responsibility for distributing the real estate assets and properties of an individual after his/her death, in accordance with legal terms and conditions, and his/her will. They are legal representatives of these individuals, managing their estate and distributing the same as per the terms and conditions of the will. While transferring property and other assets, executors ensures that all debts of the deceased individual are repaid.
