debtor

debtor
debt·or n: a person who owes a debt see also bankrupt compare creditor, obligee, obligor
◇ The Bankruptcy Act of 1978 calls the person concerned in a bankruptcy case the “debtor” as opposed to the “bankrupt.”

Merriam-Webster’s Dictionary of Law. . 1996.

debtor
I noun account debtor, borrower, drawee, loanee, mortgagor, obligor, pledgor II index obligor

Burton's Legal Thesaurus. . 2006


debtor
n.
(1) A person who owes a debt to someone else;
see also creditor
(2) A person subject to bankruptcy proceedings.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


debtor
someone who owes a debt to a creditor.

Collins dictionary of law. . 2001.


debtor
A person or entity (such as a business) who owes money.
Category: Back Taxes & Tax Debt
Category: Bankruptcy, Foreclosure & Debt → Bankruptcy
Category: Bankruptcy, Foreclosure & Debt → Student Loan Debt
Category: Bankruptcy, Foreclosure & Debt → Foreclosure
Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies
Category: Personal Finance & Retirement → Taxes

Nolo’s Plain-English Law Dictionary. . 2009.


debtor
n. One who owes a fixed sum of money to another; a person or entity filing, or becoming the subject of, a bankruptcy action.
@ debtor-in-possession
A debtor allowed by the bankruptcy court to continue operation of the business during the proceedings.
@ joint debtors
Two or more persons both liable for the same debt.
@

Webster's New World Law Dictionary. . 2000.


debtor
One who owes a debt or the performance of an obligation to another, who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. In bankruptcy law, a person who files a voluntary petition or person against whom an involuntary petition is filed. A person or municipality concerning which a bankruptcy case has been commenced.

Dictionary from West's Encyclopedia of American Law. 2005.


debtor
I
One who owes a debt or the performance of an obligation to another, who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. In bankruptcy law, a person who files a voluntary petition or person against whom an involuntary petition is filed. A person or municipality concerning which a bankruptcy case has been commenced.
 II One who owes a debt to another; a person filing for relief under theBankruptcy Code.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

debtor
n.
   1) a person or entity that owes an amount of money or favor to another.
   2) in bankruptcy, the party whose affairs are the subject of the proceedings is called the "debtor."
   See also: bankruptcy

Law dictionary. . 2013.

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Look at other dictionaries:

  • Debtor — Debt or, n. [OE. dettur, dettour, OF. detor, detur, detour, F. d[ e]biteur, fr. L. debitor, fr. debere to owe. See {Debt}.] One who owes a debt; one who is indebted; correlative to creditor. [1913 Webster] [I ll] bring your latter hazard back… …   The Collaborative International Dictionary of English

  • debtor — the entity seeking protection from creditors under the bankruptcy laws (Glossary of Common Bankruptcy Terms) A person who has filed a petition for relief under the bankruptcy laws. (BankruptcyAction.com) The debtor is the entity ( person,… …   Glossary of Bankruptcy

  • debtor — early 13c., dettur, dettour, from O.Fr. detour, from L. debitor a debter, from pp. stem of debere; see DEBT (Cf. debt). The b was restored in later French, and in English c.1560 c.1660. The KJV has detter three times, debter three times, debtor… …   Etymology dictionary

  • debtor — ► NOUN ▪ a person who owes money …   English terms dictionary

  • debtor — [det′ər] n. [altered (after L) < ME dettur < OFr detor < L debitor < debitus, pp. of debere: see DEBT] a person, company, nation, etc. that owes something to another or others …   English World dictionary

  • debtor — a person or business who owes money (1) A party who owes money or other performance to another party. Under the UCC, debtor includes the seller of accounts or chattel paper. (2) For the purposes of UCC provisions dealing with collateral, debtor… …   Financial and business terms

  • Debtor — A debtor is an entity that owes a debt to someone else. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterparts of this debt arrangement is a bank, the… …   Wikipedia

  • debtor — One who owes a debt to another who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. First Nat. Bank & Trust Co. in Macon v. Kunes, 128 Ga.App. 565, 197 S.E.2d 446,… …   Black's law dictionary

  • debtor — One who owes a debt to another who is called the creditor; one who may be compelled to pay a claim or demand; anyone liable on a claim, whether due or to become due. First Nat. Bank & Trust Co. in Macon v. Kunes, 128 Ga.App. 565, 197 S.E.2d 446,… …   Black's law dictionary

  • Debtor — 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. If the debt is in the form of securities, such as bonds, the debtor is referred to as an issuer.… …   Investment dictionary

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