"Debtors" Pronounce,Meaning And Examples

"Debtors" Meaning

Debtors refers to individuals or businesses that owe money to another person or organization, typically a creditor. They are legally obligated to pay back the debt, whether it is a loan, credit, or other form of financial obligation.

"Debtors" Examples

Usage Examples for "Debtors"

Example 1: Financial Context

The company's financial reports showed a significant increase in debtors, indicating a higher demand for their products.

Example 2: Commercial Context

The debtors were sent a reminder to settle their outstanding accounts, as the business wanted to maintain a good credit score.

Example 3: Accounting Context

The accountant carefully managed the debtors' book, ensuring that all payments were accurately recorded and accounted for.

Example 4: Business Dictionary Definition

In accounting, debtors refer to individuals or organizations that owe money to a business, such as customers who have purchased goods or services on credit.

Example 5: Historical Context

The medieval debtors' prison was a place where people who were unable to repay their debts were sent, often leading to dire circumstances.