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debtor

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noun debt·or \ˈde-tər\

Simple Definition of debtor

  • : a person, organization, government, etc., that owes money

Source: Merriam-Webster's Learner's Dictionary

Full Definition of debtor

  1. 1 :  one guilty of neglect or violation of duty

  2. 2 :  one who owes a debt

Examples of debtor in a sentence

  1. The debtor agrees to pay the debt over a three-year period.



13th Century

First Known Use of debtor

13th century


DEBTOR Defined for Kids

debtor

play
noun debt·or \ˈde-tər\

Definition of debtor for Students

  1. :  a person who owes a debt




Law Dictionary

debtor

noun debt·or

Legal Definition of debtor

  1. :  a person who owes a debt — see also bankrupt — compare creditor, obligee, obligor



Additional Notes on debtor

The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.”



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