debtor Hear it!

debtor definition - finance
A person or entity who seeks voluntary relief under the Bankruptcy Code or who has been forced involuntarily into a Chapter 7 or 11 bankruptcy case by petitioning creditors.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.