Definitions for debtors
debtors

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1. debtors

   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 creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower. If X borrowed money from their bank, X is the debtor and the bank is the creditor. If X puts money in the bank, X is the creditor and the bank is the debtor. It is not a crime to fail to pay a debt. Except in certain bankruptcy situations, debtors can choose to pay debts in any priority they choose. But if one fails to pay a debt, they have broken a contract or agreement between them and a creditor. Generally, most oral and written agreements for the repayment of consumer debt - debts for personal, family or household purposes secured primarily by a person's residence - are enforceable.For the most part, debts that are business-related must be made in writing to be enforceable by law. If the written agreement requires the debtor to pay a specific amount of money, then the creditor does not have to accept any lesser amount, and should be paid in full. Also, if there was no actual agreement but the creditor has proven to have loaned an amount of money, undertaken services or given the debtor a product, the debtor must then pay the creditor.

Anagrams for debtors »

1. strobed

How to pronounce debtors?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say debtors in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of debtors in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of debtors in Pythagorean Numerology is: 2

Examples of debtors in a Sentence

1. Baha Mar Ltd:

   If an agreement with (China's Export Import Bank) is not reached in the near term, the debtors will be compelled to immediately downsize their operations to a minimum over approximately 45 to 60 days.

2. Energy Future:

   Subject to the resolution of certain critical issues, which the debtors believe can be resolved, the debtors view the REIT transaction as the superior path to exit because it would resolve the vast majority of contested issues in this case.

3. Simone Weil:

   And forgive us our debts, as we also forgive our debtors.' To remit debts is to renounce our own personality. It means renouncing everything that goes to make up our ego, without any exception. It means knowing that in the ego there is nothing whatever, no psychological element, that external circumstances could not do away with. It means accepting that truth. It means being happy that things should be so.”

4. Andreas Dombret:

   The Bundesbank is arguing for government bonds to be backed with a risk-appropriate amount of capital and for large exposure limits, just like those for claims on private debtors.

5. Ahmed Ismail:

   In addition to strengthening investors' confidence with the local market, the new law will raise the value of the debtors' assets, since they will not be obliged to sell for low prices through an enforced liquidation, the realized value of the last three auctions was at 30 percent of market value in a normal buyer-and-seller market, which would have significantly jeopardized the recovery ratio for all creditors.

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References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Debtors