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- Dictionarydebtor/ˈdɛtə/
noun
- 1. a person, country, or organization that owes money: "generally, debtors must negotiate with each creditor separately"
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Debtors – A person or a legal body that owes money to a business is generally referred to as a debtor in the eyes of that business, as he or she owes the money. For a business, the amount to be received is usually a result of a loan provided, goods sold on credit, etc.
May 23, 2024 · A debtor is a company or individual who owes money. The debtor is referred to as a borrower when the debt is in the form of a loan from a financial institution and as an issuer if the debt is...
a person, country, or organization that owes money: The Federal Deposit Insurance Corporation was appointed receiver of the debtor's assets. debtor countries / nations.
The meaning of DEBTOR is one guilty of neglect or violation of duty. How to use debtor in a sentence.
Apr 12, 2024 · A debtor is defined as an individual or firm that owes a particular amount to a lender, payable at a future date or period. A creditor is the supplier of a loan or credit facility and usually makes money out of interest on the debt.
Debtor definition: a person who is in debt or under financial obligation to another (opposed to creditor).. See examples of DEBTOR used in a sentence.
Oct 27, 2023 · A debtor or borrower is a person or organization that borrows money from a financial institution, usually tied to a loan or credit card. The Fair Debt Collection Practices Act protects...
