a person, company, nation, etc. that owes something to another or others
Origin of debtor
altered (after L) from Middle English dettur from Old French detor from Classical Latin debitor from debitus, past participle of debere: see debt
noun
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.
YourDictionary definition and usage example. Copyright © 2018 by LoveToKnow Corp
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"debtor." YourDictionary, n.d. Web. 05 December 2018. <https://www.yourdictionary.com/debtor>.
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debtor. (n.d.). Retrieved December 05th, 2018, from https://www.yourdictionary.com/debtor
debtor
Webster's New World College Dictionary, Fifth Edition Copyright © 2014 by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"debtor." YourDictionary, n.d. Web. 05 December 2018. <https://www.yourdictionary.com/debtor>.
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debtor. (n.d.). Retrieved December 05th, 2018, from https://www.yourdictionary.com/debtor
debtor
noun
- One that owes something to another.
- One who is guilty of a trespass or sin; a sinner.
Origin of debtor
Middle English dettour from Old French dettor from Latin dēbitor from dēbitus past participle of dēbēre to owe ; see debt .THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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"debtor." YourDictionary, n.d. Web. 05 December 2018. <https://www.yourdictionary.com/debtor>.
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debtor. (n.d.). Retrieved December 05th, 2018, from https://www.yourdictionary.com/debtor
Noun
(plural debtors)
- (economics) A person or firm that owes money; one in debt; one who owes a debt
- (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.
English Wiktionary. Available under CC-BY-SA license.
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"debtor." YourDictionary, n.d. Web. 05 December 2018. <https://www.yourdictionary.com/debtor>.
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debtor. (n.d.). Retrieved December 05th, 2018, from https://www.yourdictionary.com/debtor
debtor - Investment & Finance Definition
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 © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"debtor." YourDictionary, n.d. Web. 05 December 2018. <https://www.yourdictionary.com/debtor>.
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debtor. (n.d.). Retrieved December 05th, 2018, from https://www.yourdictionary.com/debtor
debtor - Legal Definition
n
One who owes a fixed sum of
money to another; a person or entity filing, or becoming the subject of, a
bankruptcy action.
debtor-in-possessionA debtor allowed by the bankruptcy court to continue operation of the
business during the proceedings.
joint debtorsTwo or more persons both liable for the same debt.
judgment debtorOne who owes a sum of money to another by virtue of a judgment
that has previously been rendered.
Webster's New World Law Dictionary Copyright © 2010 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.
Used by arrangement with John Wiley & Sons, Inc.
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"debtor." YourDictionary, n.d. Web. 05 December 2018. <https://www.yourdictionary.com/debtor>.
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debtor. (n.d.). Retrieved December 05th, 2018, from https://www.yourdictionary.com/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.
- A creditor could hold his insolvent debtor as a slave, or sell him out of the city (trans Tiberim).
- The debtor was obliged to pay the amount of the debt to any person who presented the missing half of the bill.
- 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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