Debitor (Noun)
Meaning
A person who owes a creditor; someone who has the obligation of paying a debt.
Classification
Nouns denoting people.
Examples
- The debtor was forced to declare bankruptcy after being unable to pay his debts.
- As the debtor's financial situation worsened, she began to receive threatening letters from creditors.
- The creditor sued the debtor for the outstanding amount, which was several thousand dollars.
- In the eyes of the law, the debtor was liable for the full amount of the loan, despite the business failing.
- The debtor was given a short extension on the loan repayment, which gave her a small chance to get back on her feet.