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A person, company, or other organization that owes money to another individual, company, or organization. Generally speaking, a debtor acquires debt for a specific purpose, such as to fund a college education or to purchase a house. In business and government, debt is often issued in the form of bonds, which are tradeable securities entitling the bearer to repayment at the appropriate time(s), making the issuing government or business the debtor. A debtor almost always compensates a creditor with a certain amount of interest, representing the time value of money. However, some areas of finance, especially Islamic banking, do not allow debt with interest.

debtors (accounts receivable)

the money owed by individuals or firms because they have bought goods, services or raw materials for which they have not yet paid (trade DEBTORS), or because they have borrowed money. See CREDITORS (ACCOUNTS PAYABLE), DEBT, DEBTORS RATIO, CREDIT CONTROL, WORKING CAPITAL, BAD DEBT.
References in periodicals archive ?
372) which proclaimed the CPLR's restraining notice procedure, as it then existed, unconstitutional for failing to warn debtors that exempt property cannot be restrained.
Chapter 13 cramdowns, as applicable to Chapter 7 debtors as well.
In May 2011, ASIC brought proceedings alleging that ACM contravened the Australian Securities and Investments Commission Act when dealing with eight debtors between November 2008 and June 2010.
77, and is used by creditors to collect debts owed by debtors.
Asharq Al-Awsat newspaper said its sources claimed more than 5,000 prisoners have case pending in Jeddah, of which 2,800 are in debtors.
Like most debtors-in-possession, VP Debtors was required to secure workers' compensation insurance after LTV and VP Debtors filed for bankruptcy.
I would also encourage debtors to join the Facebook group"Banned Travel Support Group", you will find some very useful information and support.
Debtors lived in a trailer on the grounds of The Outpost for a year and a half.
The ruling stipulates that if the debtor has no stable residency, moveable assets can be seized.
Florida has "opted out" of the federal scheme and requires that debtors in the state claim the exemptions set out in Chapter 222.
Debtors can include objections to the record if the debtor believes that the record is biased and unreliable, and the lender has refused to exclude or to modify it.