- debtor
- a person or business who owes money————(1) A party who owes money or other performance to another party. Under the UCC, debtor includes the seller of accounts or chattel paper.(2) For the purposes of UCC provisions dealing with collateral, debtor also applies to the owner of collateral given as security for the debt of another. American Banker Glossary————————Any person liable for payment of a customs debt EU Customs Glossary————The party that owes assets to the creditor, e.g. as a result of receipt of goods or services, gifts, or charity payments. The debtor may also be the debit account owner. Euroclear Clearing and Settlement glossary
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debtor debt‧or [ˈdetə ǁ -ər] noun1. [countable] a person, organization, or country that owes money:• Putting a debtor into jail means that he can't earn money to pay his debts.
• The IMF is trying to restructure the debts and economies of debtor nations (= countries that owe money to others ) .
someone who has been ordered by a court of law to pay a particular debt:• Other partners will have the right to dissolve their partnership with the judgment debtor.
ˈsundry ˌdebtor [countable] FINANCEa person or organization that owes money to a company for something other than goods or services that have been sold to them, for example money that the company has lent them2. debtors [plural] ACCOUNTING money owed to a business by its customers; = accounts receivable AmE:• Current assets are typically finished goods, work in progress, raw materials, cash and debtors.
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debtor UK US /ˈdetər/ noun► [C] a person, country, or organization that owes money: »The Federal Deposit Insurance Corporation was appointed receiver of the debtor's assets.
»debtor countries/nations
Financial and business terms. 2012.