DEBTOR definition and meaning | Collins English Dictionary
A debtor is an organization or person that owes money. Any concession that creditors grant to one debtor would set a precedent for all the others. When a business offers a customer credit for the purchase of a good or service, then that customer becomes a debtor of that business.
What Is a Debtor and How Is It Different From a Creditor? - Investopedia
May 23, 2024 · A debtor is a company or individual who owes money to a lender. Debtors are also often referred to as borrowers. Read about the laws that protect them.
DEBTOR | definition in the Cambridge English Dictionary
DEBTOR meaning: 1. someone who owes money 2. someone who owes money 3. a country, organization, or person who owes…. Learn more.
Debtor Definition & Meaning - Merriam-Webster
The meaning of DEBTOR is one guilty of neglect or violation of duty. How to use debtor in a sentence.
Debtor - Definition, Meaning & Synonyms - Vocabulary.com
A debtor is someone who owes money. If you borrow from a bank to buy a car, you are a debtor. Most of us are debtors at some point in our lives. We borrow money to buy houses or cars, to …
Debtor - Wikipedia
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 . The counterparty is called a creditor .
DEBTOR | English meaning - Cambridge Dictionary
DEBTOR definition: 1. someone who owes money 2. someone who owes money 3. a country, organization, or person who owes…. Learn more.
debtor noun - Definition, pictures, pronunciation and usage …
Definition of debtor noun from the Oxford Advanced Learner's Dictionary. a person, a country or an organization that owes money opposite creditor. Questions about grammar and vocabulary? Find the answers with Practical English Usage online, your indispensable guide to …
debtor | Wex | US Law | LII / Legal Information Institute
In a secured transaction, the debtor is the borrower or buyer who puts up property as collateral for a loan or purchase which gives the creditor a security interest in the property. This means they have a right to take the property if the debtor does not pay off their obligations.
DEBTOR Definition & Meaning | Dictionary.com
a person who is in debt or under financial obligation to another ( creditor). “Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. …