"Debtor" Pronounce,Meaning And Examples

"Debtor" Meaning

A person or organization that owes money to someone else, typically as a result of a debt.

"Debtor" Examples

Debtor Examples

A person or organization that owes money to another person or organization is called a debtor.

1.

The bank took a liking to John's credit history and decided to lend him money, making him a debtor.

2.

As the company's principal debtor, it was responsible for paying off the entire loan.

3.

The creditor demanded immediate payment from the debtor, threatening to foreclose on the property.

4.

The judge ruled in favor of the creditor, ordering the debtor to pay the outstanding balance within 30 days.

5.

After declaring bankruptcy, the debtor was granted financial protection and given time to settle his debts.