Debtor definition : a person who is in debt or under financial obligation to another ( creditor ).. See examples of DEBTOR used in a sentence. Definition of Debtors In general, debtors are the parties who owes debt towards the company. The parties can be an individual or a company or bank or government agency, etc. Whenever an entity sells its goods on credit to a person (buyer) or renders services to a person (receiver of services), then that person is considered as Debtor and the company is known as a creditor . The word ‘ debtor ’ is derived from a Latin word ‘debere’, which means ‘to owe’. In this way, the term debtor ... A debtor is a person or business that owes money to a creditor. Learn about debtors ' rights, penalties, and how they differ from creditors in this article. A debtor is someone who owes money to a creditor, or a country, organization, or person who owes money. Learn more about the meaning , usage, and synonyms of debtor with Cambridge Dictionary.
