Longman Dictionary of Contemporary English
Debtor is an American Christian hardcore band, and they primarily play hardcore punk and melodic hardcore. They come from Philadelphia, Pennsylvania. The band started making music in 2007. The band released an extended play, Deliverance, in 2009, with Blood and Ink Records. Their first studio album, Bloodseeds, was released by Blood and Ink Records, in 2011.
A debtor is an entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.
It is not a crime to fail to pay a debt. Except in certain bankruptcy situations, debtors can choose to pay debts in any priority they choose. But if one fails to pay a debt, they have broken a contract or agreement between them and a creditor. Generally, most oral and written agreements for the repayment of consumer debt - debts for personal, family or household purposes secured primarily by a person's residence - are enforceable.
However, for the most part, debts that are business related must be made in writing to be enforceable by law. If the written agreement requires the debtor to pay a specific amount of money, then the creditor does not have to accept any lesser amount, and should be paid in full.
Also, if there was no actual agreement but the creditor has proven to have loaned an amount of money, undertaken services or given the debtor a product, the debtor must then pay the creditor.
The Collaborative International Dictionary
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.
[I 'll] bring your latter hazard back again,
And thankfully rest debtor for the first.
In Athens an insolvent debtor became slave to his
Debtors for our lives to you.
n. 1 (context economics English) A person or firm that owes money; one in debt; one who owes a debt 2 (context legal English) One who owes another anything, or is under obligation, arising from express agreement, implication of law, or principles of natural justice, to pay money or to fulfill some other obligation; in bankruptcy or similar proceedings, the person who is the subject of the proceeding.
Douglas Harper's Etymology Dictionary
early 13c., dettur, dettour, from Old French detour, from Latin debitor "a debter," from past participle stem of debere; see 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 twice and debtour once.
n. a person who owes a creditor; someone who has the obligation of paying a debt [ant: creditor]
Usage examples of "debtor".
State in which a debtor was domiciled or a bank located could levy an inheritance tax on the transfer of the debt or the deposit, notwithstanding that the creditor had his domicile in a different State.
I have never inflicted the slightest wrong or injury on any one in this world, and kings even are still my debtors.
A second exhibit of the same kind is furnished by the flood of paper money laws and other measures of like intent which the widespread debtor class forced through the great majority of the state assemblies in the years following the general collapse of values in 1780.
Baron de la Baudraye called on his last remaining debtors, and reappeared at Sancerre as Master of Appeals, with an appointment as Royal Commissioner to a commercial association established in the Nivernais, at a salary of six thousand francs, an absolute sinecure.
The day before the assembly at Soho Square Martinelli dined with me, and told me that Madame Cornelis was heavily in debt, and dared not go out except on Sundays, when debtors are privileged.
Stop this legalized robbery that is transferring the property of the debtors to the possession of the creditors.
Sandiko dwells also on the personally humiliating position of the debtor.
Whatever the ultimate effects of an inflated and consequently depreciated currency might be, the debtor class, to which a large portion of the Western farmers belonged, would obviously benefit immediately by the injection of large quantities of money into the circulating medium.
Roman Republican times, but one I have used to describe men deputed to keep law and order if lictors were not employed, and also to describe men employed by moneylenders to harass a debtor and prevent his absconding.
On the same day Lawrence gave me an account of my money, and brought himself in as my debtor to the amount of thirty livres, which however, I could not put into my pocket.
As to the catchpolls, let them free to hunt about and lie in the ravines and bushes of the earth, to capture those that are debtors to the infernal crown.
I thanked Madame d'Urfe in a few words, telling her that I was glad to become her debtor, but that it was Garnier who benefited by her generosity.
The child grew up pretty, and the family removed to Paris under the impression that it would be the best market for such a commodity, but in the course of four years the income from the Balm having dwindled greatly, the Charpillon being still too young to be profitable, and debtors closing round them on every side, they resolved to come to London.
I dismissed him from my mind, but in the afternoon I had a visit from an advocate who demanded a hundred crowns on Gaetano's behalf, supporting his claim by the production of an immense ledger, where my name appeared as debtor on several pages.
I wish you to become my debtor by the inestimable secret I am going to confide to you.