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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
What Is a Debtor? Definition, Classifications, and Rights A debtor is a person or entity that owes a sum of money or is obligated to perform a specific action under a legally enforceable agreement This obligation arises from a transaction where value, typically capital or goods, was extended on the promise of future repayment The relationship between the debtor and the lender, known as the creditor, forms the fundamental structure of modern finance
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 | Wex | US Law | LII Legal Information Institute 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 | 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
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
What Is a Debtor, and How Is It Different Than a Creditor? (2025) What Is a Debtor? A debtor is a company or individual who owes money If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower, and if the debt is in the form of securities—such as bonds—the debtor is referred to as an issuer
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