What does debtor mean?
Definitions for debtor
ˈdɛt ərdebtor
This dictionary definitions page includes all the possible meanings, example usage and translations of the word debtor.
Princeton's WordNet
debtor, debitornoun
a person who owes a creditor; someone who has the obligation of paying a debt
Wiktionary
debtornoun
A person or firm that owes money; one in debt; one who owes a debt
debtornoun
One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.
Samuel Johnson's Dictionary
Debtornoun
Etymology: debitor, Latin.
I am debtor both to the Greeks and to the Barbarians, both to the wise and to the unwise. Ro. i. 14.
The case of debtors in Rome, for the first four centuries, was, after the set time for payment, no choice but either to pay, or be the creditor’s slave. Jonathan Swift.
I’ll bring your latter hazard back again,
And thankfully rest debtor for the first. William Shakespeare, Merch. of Ven.If he his ample palm
Should hap’ly on ill-fated shoulder lay
Of debtor, strait his body, to the touch
Obsequious, as whilom knights were wont,
To some enchanted castle is convey’d. Philips.There dy’d my father, no man’s debtor;
And there I’ll die, nor worse, nor better. Alexander Pope, Horace.When I look upon the debtor side, I find such innumerable articles, that I want arithmetick to cast them up; but when I look upon the creditor side, I find little more than blank paper. Joseph Addison, Spectator, №. 549.
Wikipedia
Debtor
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.
ChatGPT
debtor
A debtor is an individual or entity that owes a financial obligation, such as money, goods, or services, to another individual or entity, referred to as a creditor. This debt is usually a result of a loan, outstanding invoices, or agreement for a service performed or product received. The debtor is legally responsible to fulfill the obligation of repayment. The debt could be short term or long term and repayment schedules can vary depending on the agreement between the debtor and the creditor.
Webster Dictionary
Debtornoun
one who owes a debt; one who is indebted; -- correlative to creditor
Etymology: [OE. dettur, dettour, OF. detor, detur, detour, F. dbiteur, fr. L. debitor, fr. debere to owe. See Debt.]
Wikidata
Debtor
A debtor is an entity 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 his/her 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.
British National Corpus
Nouns Frequency
Rank popularity for the word 'debtor' in Nouns Frequency: #2647
Numerology
Chaldean Numerology
The numerical value of debtor in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of debtor in Pythagorean Numerology is: 1
Examples of debtor in a Sentence
On 16 September 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died.
When providing a DIP, lenders will want to button down everything that hasn’t already been pledged as collateral, having unencumbered assets in a bankruptcy gives the debtor a bargaining chip with the various constituents at the table, which they would likely have to give up in order to get a DIP loan.
Popularity rank by frequency of use
References
Translations for debtor
From our Multilingual Translation Dictionary
- deutora, deutorCatalan, Valencian
- dlužníkCzech
- SchuldnerGerman
- οφειλέτηςGreek
- deudorSpanish
- võlglane, võlgnikEstonian
- velallinen, luotonottaja, luotonsaajaFinnish
- débiteurFrench
- חייב, חייבתHebrew
- skuldariIcelandic
- debitrice, debitoreItalian
- 借方, 債務者Japanese
- 채무자Korean
- قهرزارKurdish
- debitorLatin
- kaiwhakatārewa, tangata noho namaMāori
- debiteurDutch
- dłużnikPolish
- devedorPortuguese
- дебито́р, должни́кRussian
- dolžnik, dolžnicaSlovene
- gäldenärSwedish
Get even more translations for debtor »
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"debtor." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/debtor>.
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