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

Jan 28, 2025 · 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 …

3 days ago · Define the legal status of a debtor. Learn about their types, obligations, and protections under finance law.

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 …

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.

Debtor definition: a person who is in debt or under financial obligation to another (creditor ).. See examples of DEBTOR used in a sentence.

Guide to Debtor & its meaning. Here we discuss the meaning of debtor along with examples, prison and protection and its accounting

A Debtor is a Person or Entity with a Financial Obligation: At its core, a debtor is any individual, company, or government that owes money or a service to another party, the creditor, based on …

Nov 10, 2018 · Since a debtor represents a financial obligation for the entity to repay in the future, putting the business on the receiving end. Debtors owe cash benefits to the business and …