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

Jan 28, 2025 · A debtor is a company or individual who owes money to a lender. Debtors are also often referred to as borrowers. Read about the laws that protect them.

DEBTOR meaning: 1. someone who owes money 2. someone who owes money 3. a country, organization, or person who owes…. Learn more.

A debtor is someone who owes money. If you borrow from a bank to buy a car, you are a debtor.

A debtor is an organization or person that owes money. Any concession that creditors grant to one debtor would set a precedent for all the others. 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 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 to an individual or business entity, creating the obligation for the individual or business entity, as the debtor, to pay back the loan plus interest.

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 is called a creditor .

Definition of debtor noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

debtor - a person who owes a creditor; someone who has the obligation of paying a debt

DEBTOR meaning: someone who owes money. Learn more.

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 are shown under the current liabilities.

Feb 6, 2025 · What is a Debtor? A debtor is an individual or entity that owes money to a creditor. The concept can apply to individual transactions, so that someone could be a debtor in regard to a specific supplier invoice, while being a creditor in relation to its own billings to customers.

A debtor is a person, company, organization, country, or any entity that owes money. Debtors have a legal obligation to pay back what they owe. Debtors can range from individuals taking personal loans to nations incurring international debts.

DEBTOR definition: 1. someone who owes money 2. someone who owes money 3. a country, organization, or person who owes…. Learn more.

A debtor is an individual or entity that owes money to another party, typically referred to as a creditor. In the context of finance and accounting, understanding who debtors are and how they function is crucial for managing financial transactions and assessing credit risk.

The debtor agrees to pay the debt over a three-year period. [+] more examples [-] hide examples [+] Example sentences [-] Hide examples — opposite creditor

a person who is in debt or under financial obligation to another ( creditor). “Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. …

Aug 11, 2023 · Any individual or company that owes money is a debtor. Your creditor can seize collateral assets or sue you to garnish your wages for certain unpaid debts. You can’t go to prison for...

A debtor is a person, company, or other entity that owes money. In other words, the debtor has a debt or legal obligation to pay the amount owed. If a company borrows $10,000 from a bank, the company is the debtor and the bank is the creditor.

Mar 20, 2025 · A debtor ledger is a ledger that contains all transactions of individual trade debtors engaged in the business. Trade debtors can be firms, institutions or individuals who acquire goods and services kept for sale on credit. The ledger shows a detailed summary of all debtors' transactions in the business.

Mar 30, 2025 · Explanation: Bad debt expense: This is an expense account that reflects the estimated amount of uncollectible accounts for the current period. It is debited, increasing the expense on the income statement. Allowance for doubtful accounts: This is a contra-asset account that reduces the carrying value of Accounts Receivable on the accounting books. It is …