Debtor Agreement
/ˈdɛtər əˈɡriːmənt/
Definitions
- (n.) A contract between a debtor and creditor outlining terms for debt repayment or restructuring.
The debtor agreement specified the installment plan for repaying the outstanding loan.
- (n.) A negotiated accord in bankruptcy or insolvency proceedings to settle debts under agreed conditions.
The court approved the debtor agreement reached between the insolvent company and its creditors.
Forms
- debtor agreement
- debtor agreements
Related terms
See also
Commentary
A debtor agreement often requires precise articulation of repayment terms and may be subject to court approval in insolvency contexts.
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.