"Debitors" Pronounce,Meaning And Examples

"Debitors" Meaning

Debtors are individuals or organizations that owe money to another party, such as a creditor. They are entities that have borrowed funds or have unpaid debts to be settled. The term is often used in accounting and financial contexts to refer to customers or clients who have outstanding invoices or bills to be paid.

"Debitors" Examples

Debitors

Debitors refer to people or organizations that owe money to a company or individual. Here are 5 usage examples:

The company sent a letter to its debitors reminding them to pay their outstanding invoices.
The accountant checked the ledger to see which debitors were paying their debts late.
The small business owner was worried about the impact of Italy's economic crisis on her international debitors.
The bank manager helped the customer set up a payment plan to pay off her debitors.
After the company went bankrupt, its debitors were left wondering if they would ever see their money again.