debtor
Other forms: debtors
A debtor is someone who owes money. If you borrow from a bank to buy a car, you are a debtor.
Most of us are debtors at some point in our lives. We borrow money to buy houses or cars, to attend college, or to tide us over when we're between jobs. Businesses and large institutions can also be debtors, and even countries are often debtors. If a developing country borrows money from a wealthier one, the borrower is a debtor. The opposite of a debtor is a creditor.
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a person who owes a creditor; someone who has the obligation of paying a debtsynonyms: debitorantonyms:creditora person to whom money is owed by a debtor; someone to whom an obligation existstypes:fly-by-nighta debtor who flees to avoid payingdeadbeat dada father who willfully defaults on his obligation to provide financial support for his offspring
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Vocabulary lists containing debtor
The Magna Carta, signed in 1215, is 800 years old on June 15, 2015. The Magna Carta settled the rebellion of some barons against the king. Although some of the language is still obscure, the document is widely credited as being the first statement of individual rights under kingly rule. Among other things, it put a limit on payments that could be made to a king and ensured swift justice, guaranteed by a board of peers, in this case 25 barons. Here are 35 words from the English translation of the original Latin of this document that is the forerunner of democratic expressions like the Declaration of Independence.
Do the words savings and income interest you? Then you'll profit from learning these personal finance terms. Review credit, stocks and bonds, loans, bankruptcy, and much more. This list is bound to be a good investment.
Do the words savings and income interest you? Then you'll profit from learning these personal finance terms. Review credit, stocks and bonds, loans, bankruptcy, and much more. This list is bound to be a good investment.