Jan 28, 2025 · 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.

Nov 10, 2018 · 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.

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. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.

The meaning of DEBTOR is one guilty of neglect or violation of duty. How to use debtor in a sentence.

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 meaning: 1. someone who owes money 2. someone who owes money 3. a country, organization, or person who owes…. Learn more.

In straightforward terms, a debtor is someone who borrows money, and a creditor is someone who lends it. Yet, it’s important to understand the key differences between a debtor vs creditor because their obligations differ based on their roles.