Associations to the word «Debtor»


DEBTOR, noun. (economics) A person or firm that owes money; one in debt; one who owes a debt
DEBTOR, noun. (legal) 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.
DEBTOR IN POSSESSION, noun. (finance) (legal) (US) A natural person or corporation that has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest. Such a business may continue to operate its business under Chapter 11 bankruptcy protection.

Dictionary definition

DEBTOR, noun. A person who owes a creditor; someone who has the obligation of paying a debt.

Wise words

Truthful words are not beautiful; beautiful words are not truthful. Good words are not persuasive; persuasive words are not good.