What does debtor mean?

deudor, deudora… devedor, devedora… Need a translator? Get a quick, free translation! DEBTOR meaning: 1. someone who owes money 2. someone who owes money 3. a country, organization, or person who owes….

Who is a debtor in banking?

A debtor is a company or individual who owes money. If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower, and if the debt is in the form of securities—such as bonds—the debtor is referred to as an issuer.

Is a debtor a creditor or a borrower?

A debtor is also known as a borrower when the term used in relation to a loan. A debtor who issues bonds is known as the issuer. A debtor is a party that owes money to a creditor. The concept can apply to individual transactions, so you could be a debtor in regard to a specific invoice.

Who is considered a debtor in bankruptcy?

If the debt is in the form of a loan from a financial institution, the debtor is referred to as a borrower, and if the debt is in the form of securities—such as bonds—the debtor is referred to as an issuer. Legally, someone who files a voluntary petition to declare bankruptcy is also considered a debtor.