A debtor or debitor is a legal entity (legal person) that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty …

Jan 28, 2025 · Debtors are often referred to as borrowers if they owe money to a bank or financial institution but they're called issuers if the debt is in the form of securities. Debtors can't go to …

The meaning of DEBTOR is one guilty of neglect or violation of duty. How to use debtor in a sentence.

Aug 18, 2025 · Learn about your role as a debtor, your obligations, and the protections afforded to you. Understanding the concept of a debtor is important for individuals navigating personal …

A debtor is someone who owes a debt or obligation to someone else. Most commonly, this is the obligation to pay money. A classic example is within the situation where a bank extends a loan …

debtor and creditor, relationship existing between two persons in which one, the debtor, can be compelled to furnish services, money, or goods to the other, the creditor.

When a business offers a customer credit for the purchase of a good or service, then that customer becomes a debtor of that business. A debtor is an organization or person that owes …

Nov 10, 2018 · Debtors and Creditors are both critical financial indicators and important parts of the financial statements of a company. Debtors form part of the current assets while creditors …

Debtor Explained Debtors are common in business and everyday life. For example, if you have borrowed money from a bank to buy a house or study abroad, you are a debtor. The bank is …

When a client is issued with a bill, the amount on the bill should be entered as debtors in the firm's accounts.