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.

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.

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 …

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.

Oct 1, 2024 · Debtors are the entities with unmet financial obligations in business transactions, whereas creditors are the entities owed payments.

debtor and creditor, relationship existing between two persons in which one, the debtor, can be compelled to furnish services, money, or goods to the other, the creditor.

A debtor is an individual or entity that owes money to another party, typically referred to as a creditor. In the context of finance and accounting, understanding who debtors are and how they function is crucial for managing financial transactions and assessing credit risk.