SETTLING NORTH AMERICA 1497 1732
THE SOUTHERN COLONIES SETTLEMENT AND GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a name for a person who had been put in prison for owing money?
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criminal
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debtor
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crook
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lender
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Explanation:
Detailed explanation-1: -Definitions of debtor. a person who owes a creditor; someone who has the obligation of paying a debt.
Detailed explanation-2: -Meaning of Debtor A debtor is an individual or organisation that owes the money. In case the debt is in the form of a loan from a financial institution, the debtor is referred to as a creditor, and the debtee is referred to as an issuer in the form of securities, like bonds.
Detailed explanation-3: -If you’re a debtor, you are indebted to someone else. Sometimes, a debtor refers to someone who files for bankruptcy. A borrower and debtor are nearly interchangeable terms. A borrower is in debt to a lender or financial institution when they borrow money.
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