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  • 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. ( 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 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… …   Financial and business terms

  • 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 — 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

  • Debtor —    Various regulations as to the relation between debtor and creditor are laid down in the Scriptures.    1) The debtor was to deliver up as a pledge to the creditor what he could most easily dispense with (Deut. 24:10, 11).    2) A mill, or… …   Easton's Bible Dictionary

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