Debtors
/ˈdɛtərz/
Definitions
- (n.) Individuals or entities that owe money or obligations to another, typically under a contract or loan agreement.
The debtors were required to repay the loan by the agreed deadline.
Related terms
See also
Commentary
The term is commonly used in contexts involving financial obligations and insolvency law.
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.