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 …

Jan 28, 2025 · Debtors are often referred to as borrowers if they owe money to a bank or financial institution but they're called issuers if the debt is in the form of securities. Debtors can't go to jail for...

Dec 10, 2025 · Understanding the legal and financial mechanics of being a debtor is crucial for effective personal and business risk management. A debt obligation is established the moment one party …

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 …

Debtor Explained Debtors are common in business and everyday life. For example, if you have borrowed money from a bank to buy a house or study abroad, you are a debtor. The bank is the …

When a business offers a customer credit for the purchase of a good or service, then that customer becomes a debtor of that business. A debtor is an organization or person that owes money. Collins …

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 …

When a client is issued with a bill, the amount on the bill should be entered as debtors in the firm's accounts.

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.