debtor

debtor
a person or business who owes money
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(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
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borrower of money. Bloomberg Financial Dictionary
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Any person liable for payment of a customs debt EU Customs Glossary
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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] noun
1. [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 ) .

ˈjudgement ˌdebtor also judgment debtor [countable] LAW COMMERCE
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] FINANCE
a 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 them
2. 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

→ Compare CREDITOR(Cf. ↑creditor)
● debtors — Cf. debtors
→ See also JUDGMENT DEBTOR(Cf. ↑judgment debtor), SUNDRY DEBTOR(Cf. ↑sundry debtor)

Financial and business terms. 2012.

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Look at other dictionaries:

  • debtor — debt·or n: a person who owes a debt see also bankrupt compare creditor, obligee, obligor ◇ The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.” …   Law dictionary

  • Debtor — Debt or, n. [OE. dettur, dettour, OF. detor, detur, detour, F. d[ e]biteur, fr. L. debitor, fr. debere to owe. See {Debt}.] One who owes a debt; one who is indebted; correlative to creditor. [1913 Webster] [I ll] bring your latter hazard back… …   The Collaborative International Dictionary of English

  • debtor — the entity seeking protection from creditors under the bankruptcy laws (Glossary of Common Bankruptcy Terms) A person who has filed a petition for relief under the bankruptcy laws. (BankruptcyAction.com) The debtor is the entity ( person,… …   Glossary of Bankruptcy

  • debtor — early 13c., dettur, dettour, from O.Fr. detour, from L. debitor a debter, from pp. stem of debere; see DEBT (Cf. debt). The b was restored in later French, and in English c.1560 c.1660. The KJV has detter three times, debter three times, debtor… …   Etymology dictionary

  • debtor — ► NOUN ▪ a person who owes money …   English terms dictionary

  • debtor — [det′ər] n. [altered (after L) < ME dettur < OFr detor < L debitor < debitus, pp. of debere: see DEBT] a person, company, nation, etc. that owes something to another or others …   English World dictionary

  • Debtor — A debtor is an entity that owes a debt to someone else. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterparts of this debt arrangement is a bank, the… …   Wikipedia

  • debtor — One who owes a debt to another who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. First Nat. Bank & Trust Co. in Macon v. Kunes, 128 Ga.App. 565, 197 S.E.2d 446,… …   Black's law dictionary

  • debtor — One who owes a debt to another who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. First Nat. Bank & Trust Co. in Macon v. Kunes, 128 Ga.App. 565, 197 S.E.2d 446,… …   Black's law dictionary

  • Debtor — A company or individual who owes money. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower. If the debt is in the form of securities, such as bonds, the debtor is referred to as an issuer.… …   Investment dictionary

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