: a person who owes a debt see also bankrupt compare creditor, obligee, obligor Note: The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.”

5 days ago · Define the debtor role, exploring the crucial balance between a borrower’s legal protections and their financial responsibilities.

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 in American English (ˈdetər) noun a person who is in debt or under financial obligation to another (opposed to creditor)

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 …

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

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 …

Definition of debtor noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

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.