Legal Definition debtor noun debt· or : 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 …

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

Jan 28, 2025 · A debtor is a company or individual who owes money to a lender. Debtors are also often referred to as borrowers. Read about the laws that protect them.

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)

Dec 8, 2025 · Define the debtor role, exploring the crucial balance between a borrower's legal protections and their financial responsibilities. A debtor is a person or entity that owes a sum of …

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

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

A debtor is a borrower who is liable to pay a certain sum to a credit supplier such as a bank, credit card company or goods supplier. The borrower could be an individual like a home loan seeker or a …