Examples of debtor in a Sentence
The debtor agrees to pay the debt over a three-year period.
Recent Examples of debtor from the Web
Trump’s appointment of federal debtors to his administration perpetuates a pattern that’s dogged presidential administrations — including that of President Barack Obama — for decades.
True Religion has secured post-petition debtor-in-possession (DIP) financing from Citizens Bank for up to $60 million, the retailer said.
Debtors looking to refinance with a lower interest rate can now turn only to the private market since the federal government doesn’t issue refinancing.
One of his more celebrated essays recounted his monthlong stay in debtor’s prison.
Cecil is now the program's third largest remaining debtor, according to the Treasury's June report on the program to Congress.
Those loan servicers are failing to help debtors struggling to make their payments, driving them into the arms of dishonest companies, critics say.
DRA is known for making major improvements to its properties to increase their values for future sales, says Bradley Shraiberg, the bankruptcy attorney for the debtor.
In fact, the feds project that just 53 percent of debtors who’d enroll in these plans in the 2018 fiscal year would receive any forgiveness at all, according to estimates made public on Wednesday.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'debtor.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of debtor
Financial Definition of DEBTOR
What It Is
A debtor is a person or entity legally required to provide a payment, service or other benefit to another person or entity (the obligee). Debtors are often also called borrowers or obligors in contracts.
How It Works
Companies that issue bonds are perhaps the most well-known debtors. They must provide their bondholders with set interest and principal payments on specified dates and in some cases must be willing to convert that debt into equity at specified ratios or repay the debt early if certain events occur.
However, a debtor also might be required to perform particular tasks or even refrain from performing certain actions. When a debtor fails to meet its obligations, the debtor is sometimes considered in default.
Why It Matters
Debtors are subject to contractual obligations. As such, if they do not fulfill their obligations, the creditors usually have the right to seek recourse in court. A significant amount of reputational damage can also occur when an entity, especially a public company, fails to meet its obligations. In some cases, even the speculation that a debtor might not fulfill its obligations can cause its stock price to go down and make it very difficult to obtain financing or other help later.
DEBTOR Defined for English Language Learners
Definition of debtor for English Language Learners
: a person, organization, government, etc., that owes money
DEBTOR Defined for Kids
Seen and Heard
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