The definition of a debtor is someone who owes money or an obligation to a creditor.
If you owe money on your credit cards, this is an example of a time when you are a debtor.
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One that owes something to another.
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One who is guilty of a trespass or sin; a sinner.
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A person, company, nation, etc. that owes something to another or others.
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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.
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One who owes a fixed sum of money to another; a person or entity filing, or becoming the subject of, a bankruptcy action.
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A debtor allowed by the bankruptcy court to continue operation of the business during the proceedings.
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Two or more persons both liable for the same debt.
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One who owes a sum of money to another by virtue of a judgment that has previously been rendered.
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(economics) A person or firm that owes money; one in debt; one who owes a debt.
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(law) 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.
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Origin of debtor
Middle English dettourfrom Old French dettorfrom Latin dēbitorfromdēbituspast participle ofdēbēreto owedebt
Sentence Examples
If a debtor had neither money nor crop, the creditor must not refuse goods.
The insolvent debtor was withdrawn from the yoke of his creditor.
The debtor was obliged to pay the amount of the debt to any person who presented the missing half of the bill.
A creditor could hold his insolvent debtor as a slave, or sell him out of the city (trans Tiberim).
Pennsylvania has no homestead law, but the property of a debtor amounting to $300 in value, exclusive of the wearing apparel of himself and family and of all Bibles and school-books in use, is exempt from levy and sale on execution or by distress for rent; and the exemption extends to the widow and children unless there is a lien on the property for purchase money.