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Debtor definition

dĕtər
debtors
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Frequency:
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 who is guilty of a trespass or sin; a sinner.
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One that owes something to another.
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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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Other Word Forms

Noun

Singular:
debtor
Plural:
debtors

Origin of debtor

  • Middle English dettour from Old French dettor from Latin dēbitor from dēbitus past participle of dēbēre to owe debt

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Old French detour, from Latin debitor

    From Wiktionary

Debtor 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  • The insolvent debtor was withdrawn from the yoke of his creditor.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.

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