What Is a Debtor, and How Is It Different Than a Creditor? - Investopedia
WebJul 7, 2021 · 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...
Debtor Definition & Meaning - Merriam-Webster
WebThe meaning of DEBTOR is one guilty of neglect or violation of duty. How to use debtor in a sentence.
DEBTOR Definition & Meaning | Dictionary.com
WebDebtor definition: a person who is in debt or under financial obligation to another (opposed to creditor).. See examples of DEBTOR used in a sentence.
What Is A Debtor? How Is It Different From A Creditor? - Bankrate
WebOct 27, 2023 · A debtor or borrower is a person or organization that borrows money from a financial institution, usually tied to a loan or credit card. The Fair Debt Collection Practices Act protects debtors...
Debtor - Wikipedia
WebA 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 creditor.
DEBTOR | English meaning - Cambridge Dictionary
WebDEBTOR definition: 1. someone who owes money 2. someone who owes money 3. a country, organization, or person who owes…. Learn more.
debtor | Wex | US Law | LII / Legal Information Institute
WebA 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. The ...
debtor and creditor | Wex | US Law | LII / Legal Information Institute
WebWex. debtor and creditor. Debtor-creditor law governs situations where one party, known as the debtor, is unable to pay a monetary debt to another, known as the creditor. Debtor-creditor law typically plays out through bankruptcy proceedings. Creditors are split into three categories:
debtor Definition, Meaning & Usage | Justia Legal Dictionary
Webdebtor - An individual or business that has a debt or monetary obligation.
What is a debtor? The definition and how it differs from a creditor …
WebWhat is a debtor? The definition and how it differs from a creditor. Story by Dori Zinn. • 4mo • 4 min read. Sponsored Content. More for You. It may be a scary term, but it’s fairly common for...
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