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Longman Dictionary of Contemporary English

debtor

noun
COLLOCATIONS FROM CORPUS
■ ADJECTIVE
big
▪ Other big debtors might also benefit by looking at Ireland.
▪ The United States is the biggest debtor, with $ 1. 3 billion in overdue obligations.
large
▪ In future they would no longer be allowed to finance public-sector deficits or loan applications from large debtors.
▪ At the beginning of the 19905, the United States was the largest debtor nation in history.
■ NOUN
country
▪ The most radical and definitive solution would be for all Third World debtor countries to collectively renounce their debts.
▪ However, nothing can substitute for the pressures of organised public opinion in lending and debtor countries.
nation
▪ At the beginning of the 19905, the United States was the largest debtor nation in history.
▪ Student loans, utility rates and the tax man got you feeling like a one-person debtor nation?
■ VERB
give
▪ The priority of successive mortgagees depends on the date when the mortgagee gives notice to the debtor or trustee.
▪ Interest rates continue to fall, giving crucial help to debtors, most of whose loans have variable rates.
▪ Be reasoned Give your debtor a better reason for paying his account than for not paying it, such as: 1.
▪ The summons gives your debtor 14 days to pay or let the court know why he won't.
pay
▪ Also, if you know of a third party who is about to pay your debtor you can similarly arrest that money.
serve
▪ This diligence can only be exercised once the curt papers have been served on the debtor.
▪ The court then issues the summons and serves it on your debtor, usually by post.
▪ If a statutory demand is served, the debtor has only a limited period within which to apply to set it aside.
▪ A statutory demand dated 15 August was served on the debtor on 21 August.
EXAMPLES FROM OTHER ENTRIES
Debtor countries cannot develop to their full potential while continuing to pay off such massive foreign debts.
▪ Some of the debtors cannot afford to pay these high interest rates.
▪ Usually, both creditors and debtors are excluded from the sale.
EXAMPLES FROM CORPUS
▪ Cade could provide for both the Crown and its debtors credit and financial expertise.
▪ He made the point that most debtors will have to pay, and will respond positively when things improve.
▪ However, Mr Nawroze does warn young debtors to seek professional advice.
▪ If a statutory demand is served, the debtor has only a limited period within which to apply to set it aside.
▪ It makes it harder for debtors to make offers and to delay proceedings. 3.
▪ Secondly, the same principles apply to a contract between the creditor and one of joint and several debtors.
▪ The judicial system now had to protect creditors instead of debtors.
▪ This is the day by which your debtor must return the reply form which is attached to the summons to the court.
Wikipedia

Debtor (band)

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.

Debtor

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.

If X borrowed money from his/her bank, X is the debtor and the bank is the creditor. If X puts money in the bank, X is the creditor and the bank is the debtor.

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

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.
--Shak.

In Athens an insolvent debtor became slave to his creditor.
--Mitford.

Debtors for our lives to you.
--Tennyson.

Wiktionary

debtor

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

debtor

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.

WordNet

debtor

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.