account debtor

account debtor definition - legal

n

  1. One who owes the balance of an account.
  2. In the Uniform Commercial Code, one who owes an obligation on an account, chattel paper, or intangible property. See also debtor and account creditor.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
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.