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 · What Does Debtor Mean? Debtors are individuals or businesses that owe money to banks, individuals, or companies. Debtors owe a debt that must be paid at some point.

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

Aug 18, 2025 · Learn about your role as a debtor, your obligations, and the protections afforded to you. Understanding the concept of a debtor is important for individuals navigating personal finance and …

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. This means they have a right …

A common financial tool to be used to establish the circumstances of all debtors before putting together a payment plan.

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.