USA HISTORY

Detailed explanation-1: -A debtor is 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, and if the debt is in the form of securities-such as bonds-the debtor is referred to as an issuer.

Detailed explanation-2: -Understanding the difference between debtors and creditors Creditors are individuals/businesses that have lent funds to another company and are therefore owed money. By contrast, debtors are individuals/companies that have borrowed funds from a business and therefore owe money.

Detailed explanation-3: -A Debtor is one of the major terms of accounting. A debtor is a person or an entity that owes money to another, which could be any individual or institution (including the government). In most cases, the debtor has to pay interest on debt along with the principal debt.

Detailed explanation-4: -A debtor is a person or business that owes money to another person or business. For example, if you take out a car loan from your credit union, you’re the debtor and the credit union is the creditor in this transaction.

Detailed explanation-5: -(dɛt ) Word forms: debts. variable noun. A debt is a sum of money that you owe someone.