debtor

English

Alternative forms

Etymology

From Middle English dettour, from Old French detour, from Latin debitor, equivalent to debt +‎ -or. Doublet of debitor. Displaced native Old English *sċola.

Pronunciation

Noun

debtor (plural debtors)

  1. (economics) A person or firm that owes money; one in debt; one who owes a debt.
    Antonym: creditor
    The debtor agreed to repay the loan within six months.
    The law protects both the debtor and the creditor.
  2. (law) One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.
    As a debtor, he faced constant letters from the bank.

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