Debtor
/ˈdɛtər/
Definitions
- (n.) A person or entity that owes money or an obligation to another party, typically under a contract or legal duty.
The debtor failed to repay the loan by the agreed deadline.
Forms
- debtors
Related terms
See also
Commentary
In drafting, clearly distinguish the debtor from the creditor to specify obligations and rights in financial agreements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.