A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. Debtors are individuals or businesses that owe money to financial institutions or individuals.
Debtors are often referred to as borrowers if they owe money to a bank or financial institution... What Is a Debtor and How Is It Different From a Creditor? - Investopedia The meaning of DEBTOR is one guilty of neglect or violation of duty. How to use debtor in a sentence.
debtor define, Student loans force students to graduate as debtors. The Federal Deposit Insurance Corporation was appointed receiver of the debtor's assets. When a client is issued with a bill, the amount on the bill should be entered as debtors in the firm's accounts. A creditor is the party that lends money or extends credit, and a debtor is the party that owes the money back. Every loan, credit card balance, and unpaid invoice creates this two-sided relationship, and each side carries different legal rights and risks.
debtor define, A debtor is someone who owes a debt or obligation to someone else. Most commonly, this is the obligation to pay money. A classic example is within the situation where a bank extends a loan to an individual or business entity, creating the obligation for the individual or business entity, as the debtor, to pay back the loan plus interest. debtor | Wex | US Law | LII / Legal Information Institute
