What Is a Debtor and How Is It Different From a Creditor? 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
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
DEBTOR Definition Meaning | Dictionary. com Debtor definition: a person who is in debt or under financial obligation to another (creditor ) See examples of DEBTOR used in a sentence
DEBTOR | definition in the Cambridge English Dictionary 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
The Ultimate Guide to Understanding the Term Debtor in U. S. Law Being a debtor simply means you are the person or entity who owes a debt to another, known as the creditor It's a fundamental concept that underpins our entire economy, from buying a coffee to financing a home